
Closed Listing
9 Units Walking Distance to The Grove
8006 blackburn ave
sold in
Beverly Grove
Sold At
$
2,895,000
9
Number of Units
1956
Year Built
6,016
SF
Square Footage
6,250
SF
Lot Size
LAR3
Zoning
8006 Blackburn Ave, Los Angeles, CA 90048
About the Property
8006 Blackburn Ave is a ten-unit value-add opportunity located in the heart of Beverly Grove, one of Los Angeles’ most consistently sought-after rental submarkets. Just one block south of West 3rd Street, and positioned between The Grove and the Beverly Center, 8006 Blackburn offers unbeatable walkability to high-end restaurants, cafés, retailers, and entertainment venues. This Beverly Grove multifamily asset features nine legal units plus one non-conforming studio, attracting strong long-term demand from high-income young professionals.
The unit mix is comprised of (8) one-bedroom units and (2) studio units, including one VACANT one-bedroom and one non-conforming studio that provides additional income potential. 8006 Blackburn presents a substantial value-add opportunity, with current rents significantly below market compared to renovated units in the neighborhood. Upgraded building systems include copper plumbing, new dual-pane windows, and completed soft-story seismic retrofit—offering a strong foundation for a future renovation strategy.
Set on a quiet tree-lined street, this Los Angeles multifamily property includes five tandem parking spaces, a shared laundry room, and a communal outdoor area that adds lifestyle appeal for tenants. The proximity to top-tier amenities like Erewhon, Jon & Vinny’s, and the boutiques along Melrose, West 3rd, and Beverly Blvd enhances the property’s positioning as a premium rental destination in a high-barrier-to-entry market.
8006 Blackburn is ideally suited for investors seeking a low-vacancy, long-term hold in one of LA’s premier rental corridors. With its prime location, below-market rents, and well-maintained physical plant, the property offers significant upside and long-term stability in the highly competitive Beverly Grove multifamily market.
8006 Blackburn Ave.
Beverly Grove / Melrose / Fairfax
Offering Price
$2,895,000
Number of Units
9 Units
Price per. Unit
$321,667
Bldg. Size
6,016 SF
Price per Foot
$481
Lot Size
6,250 SF
Year Built
1956
Current CAP
3.90%
Market CAP
7.71%
Zoning
LAR3
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$321,667
Price p/ Sq. ft.
$481
Proforma Cap Rate
7.71%




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