Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8443 Blackburn Ave Los Angeles, CA 90048-4153

    • Apartment buildings
    • 8,596 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Feb 06, 2025
    $2,708,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8197384
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 8443 Blackburn Ave

    Year built
    1957
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    8,596 SF
    Zone code
    LAR3
    Property type
    Apartment buildings
    APN
    5511-032-010
    APU
    5511032010

    Description

    This 10-unit apartment building, located at 8443 Blackburn Ave, Los Angeles, CA 90048, presents a compelling investment opportunity. Built in 1957 and totaling 8,596 rentable square feet on a 6,996 square foot lot, the property boasts a diverse unit mix of four two-bedroom, one-and-a-half-bathroom units and six one-bedroom, one-bathroom units. Six dedicated parking spaces are available for residents. Each unit features either window or wall AC units. Safety features include emergency shut-off valves. A significant upgrade was completed in 2018: a soft story retrofit, ensuring compliance with current safety standards and enhancing structural integrity. The property's location in the desirable West Hollywood neighborhood offers easy access to major thoroughfares, public transportation, and numerous amenities, including restaurants, shops, and entertainment venues. The strong rental demand in this area, combined with the property's recent improvements and desirable unit mix, makes this a highly attractive investment. The asking price is $3,300,000, with a current NOI of $132,848 and a pro-forma NOI of $219,439. The price per unit is $330,000, and the building features two stories. The current cap rate is 4.03%, with a pro-forma cap rate of 6.65%.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.375
    Latitude
    34.0725
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,411
    $85,541
    $169,393
    $254,934
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      14,794 SF

      545 Hayworth Ave

      APARTMENT HOUSE (5+ UNITS) • 14,794 SF
      545 Hayworth Ave, Los Angeles, CA 90048-2766
      View Details
    • Value Estimation by Request
      6,324 SF

      101 Hayworth Ave

      APARTMENT HOUSE (5+ UNITS) • 6,324 SF
      101 Hayworth Ave, Los Angeles, CA 90048-3627
      View Details
    • Value Estimation
      $520,000
      19,201 SF

      321 Willaman Dr

      APARTMENT HOUSE (5+ UNITS) • 19,201 SF
      321 Willaman Dr, Los Angeles, CA 90048-3357
      View Details
    • Value Estimation by Request
      5,848 SF

      8561 Colgate Ave

      APARTMENT HOUSE (5+ UNITS) • 5,848 SF
      8561 Colgate Ave, Los Angeles, CA 90048-4023
      View Details
    • Value Estimation by Request
      10,830 SF

      144 Wetherly Dr

      APARTMENT HOUSE (5+ UNITS) • 10,830 SF
      144 Wetherly Dr, West Hollywood, CA 90048-2845
      View Details
    • Value Estimation by Request
      5,020 SF

      101 Clark Dr

      APARTMENT HOUSE (5+ UNITS) • 5,020 SF
      101 Clark Dr, West Hollywood, CA 90048-3064
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Beverly Grove Redevelopment Opportunity

      Prime redevelopment site in Beverly Grove with SB-8 exemption.
      350 Hayworth Ave, Los Angeles, CA 90048
      View Details
    • Contact for pricing

      Beverly Grove Redevelopment Opportunity

      Prime redevelopment site in Beverly Grove with SB-8 exemption.
      350 N Hayworth Ave, Los Angeles, CA 90048
      View Details
    • New
      $2,150,000
      4,491 SF

      Beverly Grove Spanish Duplex

      Character-rich duplex with updated units and vacant upper unit.
      6122 W 6Th St, Los Angeles, CA 90048
      View Details
    • $1,600,000
      3,589 SF

      Los Angeles Multifamily Property

      Well-maintained multifamily property near Wilshire transit and Beverly Hills.
      6152 Orange St, Los Angeles, CA 90048
      View Details
    • $1,850,000
      4,816 SF

      Streamline Moderne Four-Plex in Beverly Grove

      Architectural four-unit property with value-add opportunity in prime location.
      8360 W 1St St, Los Angeles, CA 90048
      View Details
    • $2,300,000
      5,684 SF

      Beverly Grove Fourplex Opportunity

      Italian Renaissance-style fourplex in Beverly Grove, Los Angeles.
      6366 Orange St, Los Angeles, CA 90048
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      390 SF

      Remodeled Suite in Private Courtyard

      Newly remodeled 390 SF suite ideal for therapy office.
      8217 Beverly Blvd, Los Angeles, CA 90048
      View Details
    • Contact for pricing

      Miracle Mile District Office Building

      Office building in the heart of Miracle Mile District.
      6222 Wilshire Blvd, Los Angeles, CA 90048
      View Details
    • Contact for pricing

      West Hollywood Retail/Office Space

      Retail and office spaces available for lease in West Hollywood.
      454 N Robertson Blvd, West Hollywood, CA 90048
      View Details
    • Contact for pricing
      1,600 SF

      Beverly Boulevard Retail Center

      Fully leased retail center on Beverly Boulevard.
      8310-8314 Beverly Blvd, Los Angeles, CA 90048
      View Details
    • Contact for pricing

      Robertson Plaza Retail Space

      Retail spaces for lease in renovated Robertson Plaza.
      120 N Robertson Blvd, Los Angeles, CA 90048
      View Details
    • Contact for pricing

      Retail Space on 3rd Street

      3,500 SF retail space with excellent frontage on 3rd.
      8216 W 3Rd St, Los Angeles, CA 90048
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8443 Blackburn Ave
    Los Angeles, CA 90048-4153
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!