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8360 Blackburn Ave #1, Los Angeles, CA 90048
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8360 Blackburn Ave #1 Los Angeles, CA 90048

$2,480,000 Sold Price as of 11/30/2022
  • 10 Beds
  • 9 Baths
  • 5,945 Sq.Ft.
Sold
$2,480,000 Sold Price as of 11/30/2022 Refinance Your Mortgage
Map preview of 8360 Blackburn Ave #1, Los Angeles, CA 90048

Property Overview: 8360 Blackburn Ave #1 Los Angeles, CA has 10 bedrooms, 9 bathrooms, 5,945 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: We are pleased to present a seven (7) unit apartment building located at 8360 Blackburn Avenue in Los Angeles, California. The subject property is situated in a prime Beverly Grove location, south of West 3rd Street and east of La Cienega Boulevard. Beverly Grove was built primarily in the 1920's and has a combination of quiet charm and close proximity to shopping, restaurants, and museums. Half of Beverly Grove residents aged 25 and older possessed a four-year degree in 2000, a high rate for both the city and the county. The percentage of residents with a master's degree was also high. One of the more noticeable features of this submarket is the Beverly Center, opened in 1982, which has various designer stores and restaurants. The Beverly Center is also home to the Museum of Dream Space, which is known as the first museum mainly exhibiting digital art in the United States. This area is also known for its trendy, upscale dining with options within walking distance from the subject property such as Angler, Yardbird, Son of a Gun, Bari, Matsumoto, Lawry's Prime Rib, SHAN Social House, and N10 Restaurant. Built in 1955, this property contains a great unit mix of one (1) studio / one-bathroom unit, two (2) one-bedroom / one-bathroom units, two (2) two-bedroom / one-bathroom units, and two (2) two-bedroom / two-bathroom units. The building features backyard patio space, a large covered balcony, an on-site laundry room, and RTI plans to complete the soft-story retrofit all right across the street from a brand new ground-up co-living development. The units have hardwood floors, large windows, and lots of space. There is one (1) parking space available per bedroom for a total of ten (10) parking spaces. Residents will love living in a quiet residential pocket just down the street from upscale retail, restaurant, and entertainment amenities. Situated in a prime Beverly Grove location, this offering presents an excellent opportunity for any investor to capitalize on a strong rental upside potential in one of the most upscale submarkets of Los Angeles.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 13 minutes ago | Last updated: September 16th, 2023 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
6,250
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22212221
City
Los Angeles
County
Los Angeles
Time on Site
569 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $1,575
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,288
  • Total Rent: $1,288
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,205
  • Total Rent: $2,205
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.95%
  • Gross Rent Multiplier: 16.05
  • Gross Scheduled Income: --
  • Net Operating Income: $94,688
  • Gross Operating Income: $146,006
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 8360 Blackburn Ave #1

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Refrigerator, Gas Oven, Gas Cooktop
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: Driveway
Lot Information
  • Lot Features: Rectangular Lot
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 7
  • Parcel Number: 5511034024
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is situated in a prime Beverly Grove location, south of West 3rd Street and east of La Cienega Boulevard.
View more facts & features

Local Los Angeles Agent

Sale History for 8360 Blackburn Ave #1

Last sold for $2,480,000 on November 30th, 2022

  • September, 2023

  • Sep 16, 2023

    Date

    Expired

    CRMLS: 23306801

    $2,850

    Price

  • Sep 1, 2023

    Date

    Active

    CRMLS: 23306801

    $2,950

    Price

  • Listing provided courtesy of CRMLS

    Spacious, peaceful, charming and traditional, 2-bedroom, 1-bathroom unit is perfect for anyone looking to experience the vibrant lifestyle of Los Angeles. Located just a few blocks from W. 3rd St, you'll be in the heart of one of LA's most trendy and exciting neighborhoods. As you step inside, you'll immediately appreciate the unit's spacious, warm and welcoming atmosphere with a lot of light. The living room features hardwood floors and large windows that let in plenty of natural light. The kitchen is equipped with stainless steel appliances and pantry. Both bedrooms are comfortable and spacious with plenty of closet space. The bathroom features a shower/tub combo and is conveniently located between the two bedrooms. Whether you're a young professional or a small family, this unit is the perfect place to call home. The unit comes with 2 tandem parking spots. The building has onsite laundry facility. Don't miss out on this great opportunity to experience LA living at its finest!

  • September, 2023

  • Sep 15, 2023

    Date

    Expired

    CRMLS: 23305403

    $2,850

    Price

  • Aug 28, 2023

    Date

    Active

    CRMLS: 23305403

    $3,150

    Price

  • Listing provided courtesy of CRMLS

    Spacious, peaceful, charming and traditional, 2-bedroom, 1-bathroom unit is perfect for anyone looking to experience the vibrant lifestyle of Los Angeles. Located just a few blocks from W. 3rd St, you'll be in the heart of one of LA's most trendy and exciting neighborhoods. As you step inside, you'll immediately appreciate the unit's spacious, warm and welcoming atmosphere with a lot of light. The living room features new carpet floors and large windows that let in plenty of natural light. The kitchen is equipped with appliances and pantry. Both bedrooms are comfortable and spacious with plenty of closet space. The bathroom features a shower/tub combo and is conveniently located between the two bedrooms. Whether you're a young professional or a small family, this unit is the perfect place to call home. The unit comes with 2 tandem parking spots. The building has onsite laundry facility. Don't miss out on this great opportunity to experience LA living at its finest!

  • September, 2023

  • Sep 1, 2023

    Date

    Expired

    CRMLS: 23302721

    $2,950

    Price

  • Aug 19, 2023

    Date

    Active

    CRMLS: 23302721

    $3,350

    Price

  • Listing provided courtesy of CRMLS

    Spacious, peaceful, charming and traditional, 2-bedroom, 1-bathroom unit is perfect for anyone looking to experience the vibrant lifestyle of Los Angeles. Located just a few blocks from W. 3rd St, you'll be in the heart of one of LA's most trendy and exciting neighborhoods. As you step inside, you'll immediately appreciate the unit's spacious, warm and welcoming atmosphere with a lot of light. The living room features hardwood floors and large windows that let in plenty of natural light. The kitchen is equipped with stainless steel appliances and pantry. Both bedrooms are comfortable and spacious with plenty of closet space. The bathroom features a shower/tub combo and is conveniently located between the two bedrooms. Whether you're a young professional or a small family, this unit is the perfect place to call home. The unit comes with 2 tandem parking spots. The building has onsite laundry facility. Don't miss out on this great opportunity to experience LA living at its finest!

  • July, 2023

  • Jul 21, 2023

    Date

    Expired

    CRMLS: 23285847

    $1,850

    Price

  • Jun 29, 2023

    Date

    Active

    CRMLS: 23285847

    $1,850

    Price

  • Listing provided courtesy of CRMLS

    Spacious, peaceful, charming and traditional, studio apartment with PATIO is perfect for anyone looking to experience the vibrant lifestyle of Los Angeles. Located just a few blocks from W. 3rd St, you'll be in the heart of one of LA's most trendy and exciting neighborhoods. As you step inside, you'll immediately appreciate the unit's spacious, warm and welcoming atmosphere with a lot of light. The living room features large windows that let in plenty of natural light. The kitchen is equipped with appliances and pantry. The unit comes with 1 tandem parking spot. The building has onsite laundry facility. Don't miss out on this great opportunity to experience LA living at its finest! EXTERIOR OF THE BUILDING IS FULLY UPGRADED.

  • July, 2023

  • Jul 15, 2023

    Date

    Expired

    CRMLS: 23284501

    $1,850

    Price

  • Jun 24, 2023

    Date

    Active

    CRMLS: 23284501

    $1,850

    Price

  • Listing provided courtesy of CRMLS

    Spacious, peaceful, charming and traditional, studio apartment with OUTDOOR PATIO is perfect for anyone looking to experience the vibrant lifestyle of Los Angeles. Located just a few blocks from W. 3rd St, you'll be in the heart of one of LA's most trendy and exciting neighborhoods. As you step inside, you'll immediately appreciate the unit's spacious, warm and welcoming atmosphere with a lot of light. The living room features large windows that let in plenty of natural light. The kitchen is equipped with appliances and pantry. There are tons of close spaces in the unit. The unit comes with 1 tandem parking spot. The building has onsite laundry facility. Don't miss out on this great opportunity to experience LA living at its finest! EXTERIOR OF THE BUILDING IS FULLY UPGRADED.

  • June, 2023

  • Jun 21, 2023

    Date

    Expired

    CRMLS: 23276445

    $1,850

    Price

  • Jun 2, 2023

    Date

    Active

    CRMLS: 23276445

    $1,950

    Price

  • Listing provided courtesy of CRMLS

    Spacious, peaceful, charming and traditional, studio apartment is perfect for anyone looking to experience the vibrant lifestyle of Los Angeles. Located just a few blocks from W. 3rd St, you'll be in the heart of one of LA's most trendy and exciting neighborhoods. As you step inside, you'll immediately appreciate the unit's spacious, warm and welcoming atmosphere with a lot of light. The living room features large windows that let in plenty of natural light. The kitchen is equipped with appliances and pantry. The unit comes with 1 tandem parking spot. The building has onsite laundry facility. Don't miss out on this great opportunity to experience LA living at its finest!

  • June, 2023

  • Jun 21, 2023

    Date

    Expired

    CRMLS: 23270621

    $2,850

    Price

  • May 15, 2023

    Date

    Active

    CRMLS: 23270621

    $3,250

    Price

  • Listing provided courtesy of CRMLS

    Spacious, peaceful, charming and traditional, 2-bedroom, 1-bathroom unit is perfect for anyone looking to experience the vibrant lifestyle of Los Angeles. Located just a few blocks from W. 3rd St, you'll be in the heart of one of LA's most trendy and exciting neighborhoods. As you step inside, you'll immediately appreciate the unit's spacious, warm and welcoming atmosphere with a lot of light. The living room features new carpet floors and large windows that let in plenty of natural light. The kitchen is equipped with appliances and pantry. Both bedrooms are comfortable and spacious with plenty of closet space. The bathroom features a shower/tub combo and is conveniently located between the two bedrooms. Whether you're a young professional or a small family, this unit is the perfect place to call home. The unit comes with 2 tandem parking spots. The building has onsite laundry facility. Don't miss out on this great opportunity to experience LA living at its finest!

  • June, 2023

  • Jun 1, 2023

    Date

    Expired

    CRMLS: 23272665

    $2,750

    Price

  • May 21, 2023

    Date

    Active

    CRMLS: 23272665

    $2,750

    Price

  • Listing provided courtesy of CRMLS

    Spacious, peaceful, charming and traditional, 2-bedroom, 1-bathroom unit is perfect for anyone looking to experience the vibrant lifestyle of Los Angeles. Located just a few blocks from W. 3rd St, you'll be in the heart of one of LA's most trendy and exciting neighborhoods. As you step inside, you'll immediately appreciate the unit's spacious, warm and welcoming atmosphere with a lot of light. The living room features new carpet floors and large windows that let in plenty of natural light. The kitchen is equipped with appliances and pantry. Both bedrooms are comfortable and spacious with plenty of closet space. The bathroom features a shower/tub combo and is conveniently located between the two bedrooms. Whether you're a young professional or a small family, this unit is the perfect place to call home. The unit comes with 2 tandem parking spots. The building has onsite laundry facility. Don't miss out on this great opportunity to experience LA living at its finest!

  • November, 2022

  • Nov 30, 2022

    Date

    Sold

    CRMLS: 22212221

    $2,480,000

    Price

  • Oct 25, 2022

    Date

    Active

    CRMLS: 22212221

    $2,400,000

    Price

  • November, 1998

  • Nov 17, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 1998

  • Apr 1, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 8360 Blackburn Ave #1

Assessed Value (2020): $1,562,961
Year Land Value Improved Value Assessed Value
2020 $1,113,465 $449,496 $1,562,961

Home Value Compared to the Market

This property vs the competition

8360 Blackburn Ave #1 sold on November 30, 2022 for 101.68% 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 $403.7 per/sqft which puts the price per square foot 46.53% lower than the current median sale per square foot for the city of Los Angeles.

About 8360 Blackburn Ave #1

Detailed summary of property

8360 Blackburn Ave #1 is a multi family that recently sold in Los Angeles, CA 90048. This multi family property offered 10 bedrooms, 9 bathrooms, roughly 5,945 living square feet, and sits on an approximately 6,250 square foot lot. 8360 Blackburn Ave #1 was first listed on ArdentRealEstateGroup.com on October 25, 2022. The homeowner sold the property for $2,480,000. 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 101.68% higher than the current median priced home. Local homes that are currently for sale include 924 S Orange Grove Ave, 1125 Hi Point St and 1118 Hi Point St. While the average home in Los Angeles, CA is selling in 94 days, 8360 Blackburn Ave #1 has a days on market of 14 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 8360 Blackburn Ave #1 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 8360 Blackburn Ave #1

Public county record property details
Beds
10
Baths
9
Year built
1955
Sq. Ft.
5,945
Lot Size
6,250
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
5511-034-024

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
$2,495,000
Median List Price/Sq.Ft.
$1,041
Median Sold Price
$2,275,000
Median Sold Price/Sq.Ft.
$989
Total Inventory
133
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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Call, Text or Message
(714) 706-1823

Homes for Sale Near 8360 Blackburn Ave #1

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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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