Kenny Stevens Team is pleased to present 8006 Blackburn, featuring nine well-maintained units (plus one non-conforming unit) located in a top LA rental neighborhood that attracts high-income young professionals. Residing one block south of W. Third Street (between The Grove & Beverly Center), these units are walking distance to a wide array of top-tier restaurants, luxury retailers and lively nightlife options. The property is comprised of (8) 1-Bdrm units and (2) studio units and has been upgraded with soft-story retrofit completion, copper plumbing and new windows. Please note, there is a VACANT 1-Bdrm. unit and a non-conforming studio unit. 8006 Blackburn presents a significant value-add opportunity, as current rents are way below market rates compared to renovated units in the area. Property amenities include a laundry room, five tandem parking spaces and a communal outdoor area.
9 Units Walking Distance to The Grove
8006-08 Blackburn Avenue, Los Angeles
Property Details
Price $2,950,000
Year Built 1956
# of Units 9
Price P/ Unit $327,778
Sq. ft. 6,016 SF
Price p/ Sq. ft. $490
Current Cap Rate 3.73%
Proforma Cap Rate 7.48%
Lot Size 6,250 SF
Zoning LAR3