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8436 Blackburn Ave 8 Unit Apartment Building $4,599,483 CAD ($574,935 CAD/Unit) 5.26% Cap Rate Los Angeles, CA 90048
Investment Highlights
- Prime Beverly Grove Investment
- Flexible Leasing & Vacant Unit Optionality
- Well-Maintained Building
- Turnkey & Stabilized Asset with Strong Cash Flow
- Proximity to Key Job Centers – Adjacent to Beverly Connection
Executive Summary
A rare opportunity to acquire a highly sought-after 8-unit multifamily asset on Blackburn Avenue in the coveted Beverly Grove neighborhood, just steps from Beverly Hills' Golden Triangle, The Grove, and West Hollywood. This fully modernized 7,008 SF property consists of eight units (4 one-bedroom/one-bath and 4 two-bedroom/1.75-bath) and offers low vacancy, strong tenant demand, and a high in-place cap rate. The well-maintained building features modern finishes, separately metered utilities, and turnkey operations, providing ease of management for a new owner. Six of the eight units can be delivered vacant, offering immediate flexibility to continue the seller's proven furnished rental model (successfully operated remotely for five years with minimal downtime) or transition to long-term tenants. Located minutes from Cedars-Sinai Medical Center and adjacent to the Beverly Connection (which Cedars-Sinai just acquired for $270M), the property benefits from proximity to major employment hubs and ongoing institutional investment in the area, supporting strong rental demand and long-term upside.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,599,483 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $574,935 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.26% | Building Size | 7,008 SF |
| Gross Rent Multiplier | 12.07 | Average Occupancy | 62% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1.43/1,000 SF |
| Zoning | R4-1, Los Angeles - restricted Density Multiple Dwelling | ||
| Price | $4,599,483 CAD |
| Price Per Unit | $574,935 CAD |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| Gross Rent Multiplier | 12.07 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,008 SF |
| Average Occupancy | 62% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | R4-1, Los Angeles - restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 700 |
| 2+1 | 2 | - | 1,000 |
| 2+1.5 | 2 | - | 1,000 |
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Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5511-033-027 | Total Assessment | $1,348,369 CAD |
| Land Assessment | $716,324 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $632,045 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5511-033-027
Land Assessment
$716,324 CAD
Improvements Assessment
$632,045 CAD
Total Assessment
$1,348,369 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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8436 Blackburn Ave
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