Description
Excellent 6-unit income property in A+location! The Villas at Blackburn - Six Units in Prime Beverly Grove! 8020 Blackburn Avenue offers today's location driven investor the rare opportunity to purchase a multi-unit investment property located in the heart of the best, most walkable neighborhoods all of Los Angeles - Beverly Grove. Grossing over $173,000 per year, 8020 Blackburn has the best of everything to offer an investor - an extremely desirable unit mix of 1, 2 and 3 bedroom units, a 95 Walkscore which consistently translates to strong demand, super stable income stream of nearly $14,500 per month and built-in upside from being located in a highly coveted area that only continues to get stronger! Built in 1960, 8020 Blackburn is a garden-style building totaling 5,535 square feet on a 6,250 square foot lot zoned R3. The property features two 1 bedroom, 1 bath units, two 2 bedroom, 2 bath units and two 3 bedroom, 2 bath units. Most units feature central air and heat, washer/dryers in unit as well as a community laundry facility on-site which is owner-owned. 8020 Blackburn offers a savvy investor the opportunity to purchase a stable, extremely well-located multi-family investment property with possible future re-development potential as it is a 6,250 SF R3 zoned lot. Walk to Sweetgreen, Comoncy, Little Door, Sweetfin, Farmer's Market and The Grove!
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12BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
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5,535SQFT
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$542$/SQFT
School Ratings & Info
Description
Excellent 6-unit income property in A+location! The Villas at Blackburn - Six Units in Prime Beverly Grove! 8020 Blackburn Avenue offers today's location driven investor the rare opportunity to purchase a multi-unit investment property located in the heart of the best, most walkable neighborhoods all of Los Angeles - Beverly Grove. Grossing over $173,000 per year, 8020 Blackburn has the best of everything to offer an investor - an extremely desirable unit mix of 1, 2 and 3 bedroom units, a 95 Walkscore which consistently translates to strong demand, super stable income stream of nearly $14,500 per month and built-in upside from being located in a highly coveted area that only continues to get stronger! Built in 1960, 8020 Blackburn is a garden-style building totaling 5,535 square feet on a 6,250 square foot lot zoned R3. The property features two 1 bedroom, 1 bath units, two 2 bedroom, 2 bath units and two 3 bedroom, 2 bath units. Most units feature central air and heat, washer/dryers in unit as well as a community laundry facility on-site which is owner-owned. 8020 Blackburn offers a savvy investor the opportunity to purchase a stable, extremely well-located multi-family investment property with possible future re-development potential as it is a 6,250 SF R3 zoned lot. Walk to Sweetgreen, Comoncy, Little Door, Sweetfin, Farmer's Market and The Grove!
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T09:42:14.64. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.