Seven-Unit Apartment
7929 Blackburn Ave, Los Angeles, CA 90048
For Sale
New
$3,450,000
Residential Income, Los Angeles, CA
Property Size6,169 SF
Lot Size0.14 Acres
Price / SF$559.25
Days on Market3
Property Features for 7929 Blackburn Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Utilities
Heating system
Cooling system
Amenities
in-unit washer and dryer
Building Details
Year built
Floors in Building
Number of units
Flooring type
Listing Agency:
Keller Williams Beverly Hills · Keller Williams Realty
(310) 432-6400
Listed By:
Roya Rashti · License CA #01477466
(310) 889-4386
Added: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 26107791
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 6,169-square-foot apartment property on a 0.1423-acre lot contains seven units: six with two bedrooms and one with three. Four apartments have two bathrooms, while the other three have one bathroom each. Every unit includes a washer and dryer. The building dates to 1947 and has LAR3 zoning. Interior features include hardwood and tile flooring, with central heating and central air conditioning. Parking options include a carport, assigned spaces, and a driveway.
The property is in Los Angeles, near Whole Foods, Beverly Center, and shops and restaurants.
The property is in Los Angeles, near Whole Foods, Beverly Center, and shops and restaurants.
Key Highlights
- Seven apartments: six two‑bedroom units and one three‑bedroom unit
- 6,169 square feet on a 0.1423‑acre lot
- Washer and dryer in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,264
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,985,280
$2.0M
Cap Rate 7%
$1,418,057
$1.4M
Cap Rate 9%
$1,102,933
$1.1M
Market Conditions
NOI Build-Up for 6,169 SF
Gross rent
$196.2K $31.80/SF
− Vacancy
−$15.7K −$2.54/SF
EGI
$180.5K $29.26/SF
− OpEx
−$81.2K −$13.17/SF
NOI
$99.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,985,280
Cap Rate 7%
$1,418,057
Cap Rate 9%
$1,102,933
Alternative Uses
Best Use
Apartment 5plus
$1.42M
$1.24M – $1.65M
NOI $99,264 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.25M – $3.00M
NOI $180,294 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
6,465
Businesses Nearby
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Business Placement
Demographics for 90048, CA
22,604
Population
13,733
Households
1.6
Avg Household Size
39
Median Age
69%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
11,897
Density / Sq Mi
$104,227
Median Household Income
$83,951
Median Earnings
$2,359
Median Rent
$1,847,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Seven residences include six two-bedroom layouts, one three-bedroom unit, and in-unit laundry in every apartment.
Where is this apartment building located?
The property is located at 7929 Blackburn Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Seven apartments: six two‑bedroom units and one three‑bedroom unit; 6,169 square feet on a 0.1423‑acre lot; Washer and dryer in every unit
