8315 Blackburn Avenue, Los Angeles, CA 90048

$4,299,000
12
BD
12
BA
8,720
SqFt
List Price
$4,299,000
Status
ACTIVE
MLS#
22201785
Year Built
1964
Bedrooms
12
Bathrooms
12
Living Sq. Ft
8,720
Lot Size
7,151
Acres
0.1642
Days on Market
9
Property Type
Multifamily
Style
MidCenturyModern
Stories
Two Levels

Property Description

1st time on the market since construction in 1964! A rare investment opportunity, this very special mid-century, 10-unit building has been held by the same family for almost 60 years! Located in one of the most desirable areas of Los Angeles and a red hot rental location. Central to the best dining, shopping and entertainment. Just blocks to Beverly Hills, The Grove, The Beverly Center, LACMA, The Peterson or the hippest part of Fairfax. Just a quick zip over Crescent Heights/Laurel Canyon to the Valley, or down LaCienega to the 10 Freeway, or up to Sunset Strip. It's a straight shot east on 3rd St to get to Downtown and soon to be a short walk from the building to the new Metro Rail station under construction at Wilshire and LaCienega connecting you to all parts of the city, without the need for a car. Pride of ownership is evident throughout with numerous capital improvements made in the last 7 years. 8 - (large) 1 bed/1bath units, and 2 - 2 bed/2 bath units (each with their own balconies and gas fed fireplaces) Since 2015 more than half of the units (6) have been updated with improvements including new quartz counter tops, installation of dishwashers, new appliances, new plumbing fixtures, new LED lighting, new flooring and upgraded electrical. Heating is provided cleanly, and quietly, by radiant heating systems in each apartment. All units have air conditioning, as well. On site laundry and additional storage. New roof. Soft story retrofit completed in 2019. Secure parking, gated and remote controlled as well as controlled access to the complex itself. Enjoy excellent cash flow now, with a conservatively estimated opportunity for 25% (+) upside in income!

Additional Information

Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator, Range Hood, Vented Exhaust Fan
Fireplace Description
Gas, Living Room
Heat
Forced Air
Interior Features
Ceiling Fan(s)
Attached Structure
Detached
Number Of Units Total
10

Listing courtesy of Listing Agent: Horace Davenport (champ@thereoco.com) from Listing Office: Keller Williams Larchmont.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.