Listing Courtesy of: Horace Davenport - Keller Williams Larchmont 323-762-2600
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8315 Blackburn Ave Los Angeles, CA 90048

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Single Family Residence
12 Beds
Baths
Sq. Ft.
0.16 Acre Lot

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Last update on 10/5/2022 4:49 PM
1st time on the market since construction in 1964! A rare investment opportunity, this very special mid-century, 10-unit building has been held by the same family for almost 60 years! Located in one of the most desirable areas of Los Angeles and a red hot rental location. Central to the best dining,... shopping and entertainment. Just blocks to Beverly Hills, The Grove, The Beverly Center, LACMA, The Peterson or the hippest part of Fairfax. Just a quick zip over Crescent Heights/Laurel Canyon to the Valley, or down LaCienega to the 10 Freeway, or up to Sunset Strip. It's a straight shot east on 3rd St to get to Downtown and soon to be a short walk from the building to the new Metro Rail station under construction at Wilshire and LaCienega connecting you to all parts of the city, without the need for a car. Pride of ownership is evident throughout with numerous capital improvements made in the last 7 years. 8 - (large) 1 bed/1bath units, and 2 - 2 bed/2 bath units (each with their own balconies and gas fed fireplaces) Since 2015 more than half of the units (6) have been updated with improvements including new quartz counter tops, installation of dishwashers, new appliances, new plumbing fixtures, new LED lighting, new flooring and upgraded electrical. Heating is provided cleanly, and quietly, by radiant heating systems in each apartment. All units have air conditioning, as well. On site laundry and additional storage. New roof. Soft story retrofit completed in 2019. Secure parking, gated and remote controlled as well as controlled access to the complex itself. Enjoy excellent cash flow now, with a conservatively estimated opportunity for 25% (+) upside in income! Continue reading
MLS#
22-201785
Property Type
Single Family
Bedrooms
12
Year Built
1964
Price per Sq. Ft.
$493.00
Lot Size
0.16

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Rental Valuation Estimate
for 32 Larkfield

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Rental Value
$2,200 Per Month

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Listing Courtesy of: Horace Davenport - Keller Williams Larchmont 323-762-2600
Barbara Lynn Simmons, License CALBRE 637579, Xome Inc., License CALBRE 1932600, barbara.simmons@xome.com, 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361


Based on information from Combined LA/Westside Multiple Listing Service, Inc. as of 10/5/2022. 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.
This content last refreshed on 10/5/2022 4:49 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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