8256 Blackburn Ave Los Angeles, CA 90048

Property Details for 8256 Blackburn Ave

Year built

1929

Property size

3,758 SF

Property type

Apartment buildings

Description

This Beverly Grove triplex presents a compelling investment opportunity. Located at 8256 Blackburn Ave, Los Angeles, CA 90048, this multifamily property boasts three units within two buildings, each spanning two stories and totaling 3,758 square feet on a 6,253 square foot lot. Built in 1929, the property features original hardwood floors throughout, and significant renovations including two new kitchens and two new showers. The units offer a blend of original charm and modern updates, with features such as formal living and dining rooms, separate breakfast rooms, and updated kitchen counters and floors in two units. The master bathroom includes a separate tub and shower, while a smaller bathroom with a shower stall is present in two of the units. Ample parking is available with four garage spaces and additional parking. The property enjoys a 100% occupancy rate, generating a Net Operating Income (NOI) of $92,940. Zoned R3, this property offers significant potential for future appreciation. The asking price is $2,200,000, translating to $585.42 per square foot and $733,333.33 per unit. The land value is $351.53 per square foot. The property's convenient location offers proximity to shopping, restaurants, and transportation. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly desirable Los Angeles neighborhood.