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Casa Carrie 8443 Blackburn Ave

10 Unit Apartment Building $4,740,285 CAD ($474,029 CAD/Unit) 4.03% Cap Rate Los Angeles, CA 90048

Investment Highlights

  • Diverse Unit Mix
  • The building underwent a soft story retrofit in 2018
  • Easy access to major thoroughfares provides seamless connectivity to Beverly Hills, Hollywood, and other parts of Los Angeles.
  • Safety Enhancements: Emergency shut-off valves enhance the property’s appeal to potential renters by providing added safety.
  • Situated in the vibrant West Hollywood neighborhood, known for its eclectic culture, entertainment, and urban living.

Executive Summary

The Appel Group of Marcus & Millichap is pleased to present the exclusive listing of 8443 Blackburn Avenue. The property built in 1957, consists of ten units, totaling 8,596 rentable square feet on a 6,996 square foot lot.
This 10-unit apartment building features a diverse unit mix, comprising four two-bedroom, one-and-a-half-bathroom units and six one-bedroom, one-bathroom units, catering to a variety of tenant needs and preferences.
This well-maintained building includes essential amenities such as six dedicated parking spaces, providing convenient access for residents. The units are equipped with a combination of window and wall AC units, ensuring tenant comfort throughout the year. Safety features include emergency shut-off valves, enhancing the property’s appeal to potential renters.
Significantly, the building underwent a soft story retrofit in 2018, ensuring compliance with modern safety standards and enhancing the structural integrity of the property. This upgrade adds value and peace of mind for both current and prospective investors.
8443 Blackburn Avenue is located in the vibrant and highly desirable neighborhood of West Hollywood, Los Angeles. This area is renowned for its eclectic blend of culture, entertainment, and urban living, making it an attractive destination for residents and visitors alike.
The property is conveniently situated near a variety of amenities, including trendy boutiques, popular restaurants, and lively nightlife options. West Hollywood is home to iconic attractions such as the Sunset Strip, where residents can enjoy world-class entertainment and dining experiences.
This location also offers easy access to major thoroughfares, providing seamless connectivity to other parts of Los Angeles, including Beverly Hills and Hollywood. Public transportation options are readily available, making commuting straightforward for those who prefer to travel without a vehicle.
Nearby parks and recreational areas, such as Plummer Park and the beautiful Melrose Avenue, provide outdoor spaces for residents to relax and enjoy the Southern California sunshine. The neighborhood is known for its artistic vibe, with a mix of historic and modern architecture, contributing to a unique and vibrant community atmosphere.
With its prime location and proximity to cultural hotspots, shopping, and dining, 8443 Blackburn Avenue is well-positioned to attract strong rental demand, making it a highly appealing investment opportunity in the competitive Los Angeles market.

Property Facts

Price $4,740,285 CAD
Price Per Unit $474,029 CAD
Sale Type Investment
Cap Rate 4.03%
Gross Rent Multiplier 15.73
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 8,596 SF
No. Stories 2
Year Built 1957
Parking Ratio 1.4/1,000 SF

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 6 - -
2+1.5 4 - -
Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5511-032-010
Land Assessment
$121,650 CAD
Improvements Assessment
$240,614 CAD
Total Assessment
$362,265 CAD

zoning

Zoning Code LAR3
LAR3
  • Listing ID: 33449123

  • Date on Market: 2024-10-08

  • Last Updated:

  • Address: 8443 Blackburn Ave, Los Angeles, CA 90048

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