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8006 Blackburn Ave, Los Angeles, CA 90048
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8006 Blackburn Ave Los Angeles, CA 90048

$2,895,500 Sold Price as of 07/28/2022
  • 8 Beds
  • 10 Baths
  • 6,016 Sq.Ft.
Sold
$2,895,500 Sold Price as of 07/28/2022 Refinance Your Mortgage
Map preview of 8006 Blackburn Ave, Los Angeles, CA 90048

Property Overview: 8006 Blackburn Ave Los Angeles, CA has 8 bedrooms, 10 bathrooms, 6,016 living square feet and 6,250 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Just reduced by $500K, 8006 Blackburn features nine well-maintained units (plus one non-conforming unit) located in a top LA rental neighborhood that attracts high-income young professionals. Residing one block south of W. Third Street (between The Grove & Beverly Center), these units are walking distance to a wide array of top-tier restaurants, luxury retailers and lively nightlife options. The property is comprised of (8) 1-Bdrm units and (2) studio units and has been upgraded with soft-story retrofit completion, copper plumbing and new windows. Please note, there is a VACANT 1-Bdrm. unit and a non-conforming studio unit. 8006 Blackburn presents a significant value-add opportunity, as current rents are way below market rates compared to renovated units in the area. Property amenities include a laundry room, five tandem parking spaces and a communal outdoor area.

Listed by Max Berger | BRE #02054048 | Compass
Last checked: 3 minutes ago | Last updated: July 28th, 2022 | Source CRMLS | DOM: 136

Home details

Lot Sq. Ft
6,250
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21109757
City
Los Angeles
County
Los Angeles
Time on Site
891 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,725
  • Total Rent: $1,725
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,356
  • Total Rent: $1,356
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $968
  • Total Rent: $968
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,393
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $850
  • Total Rent: $850
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,730
  • Total Rent: $1,730
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,631
  • Total Rent: $1,631
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.52
  • Gross Scheduled Income: --
  • Net Operating Income: $110,045
  • Gross Operating Income: $173,261
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 8006 Blackburn Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Wood
Kitchen Information
  • Has Appliances
  • Refrigerator
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Tandem Garage, Side by Side
Property Information
  • No View
  • View: None
  • Total # of Units: 10
  • Parcel Number: 5511037014
Location / Neighborhood
Location Information
  • Directions: Located one block South of W. Third Street (between S. Crescent Heights Blvd. and Edinburgh Ave)
View more facts & features

Local Los Angeles Agent

Sale History for 8006 Blackburn Ave

Last sold for $2,895,500 on July 28th, 2022

  • July, 2022

  • Jul 28, 2022

    Date

    Sold

    CRMLS: 21109757

    $2,895,500

    Price

  • Dec 3, 2021

    Date

    Active

    CRMLS: 21109757

    $3,400,000

    Price

  • December, 2010

  • Dec 28, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 1999

  • Mar 1, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 8006 Blackburn Ave

Assessed Value (2020): $715,400
Year Land Value Improved Value Assessed Value
2020 $438,006 $277,394 $715,400

Home Value Compared to the Market

This property vs the competition

8006 Blackburn Ave sold on July 28, 2022 for 147.9% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $490.36 per/sqft which puts the price per square foot 35.05% lower than the current median sale per square foot for the city of Los Angeles.

About 8006 Blackburn Ave

Detailed summary of property

8006 Blackburn Ave is a multi family that recently sold in Los Angeles, CA 90048. This multi family property offered 8 bedrooms, 10 bathrooms, roughly 6,016 living square feet, and sits on an approximately 6,250 square foot lot. 8006 Blackburn Ave was first listed on ArdentRealEstateGroup.com on December 3, 2021. The homeowner sold the property for $2,895,500. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 147.9% higher than the current median priced home. Local homes that are currently for sale include 1074 S Genesee Ave, 183 S Detroit St and 322 S Swall Dr. While the average home in Los Angeles, CA is selling in 93 days, 8006 Blackburn Ave has a days on market of 136 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 8006 Blackburn Ave Los Angeles, CA 90048 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8006 Blackburn Ave

Public county record property details
Beds
9
Baths
9
Year built
1956
Sq. Ft.
6,016
Lot Size
6,250
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
5511-037-014

The source for these homes facts are from public records.

90048 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,550,000
Median List Price/Sq.Ft.
$1,070
Median Sold Price
$2,275,000
Median Sold Price/Sq.Ft.
$989
Total Inventory
128
Median Sale to List Price %
91.18%
Avg Days on Market
72
Loan Type
Conventional (9.52%), FHA (0%), VA (0%), Cash (9.52%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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