Updated Oct 29, 2024
8247 Blackburn Avenue Multifamily Sells For $2.1M In Beverly Grove
8247 Blackburn Avenue, Central LA, Los Angeles, CA, USA
$2,110,000
$457/SF
Building Size
4,616 SF
Asset Type
MultiFamily
Closing
Sep 24, 2019
About this deal
AI
A multifamily residential property located at 8247 Blackburn Avenue in the Beverly Grove market has been sold for a price of $2,110,000. The property consists of 4 units and spans a total square footage of 4,616, resulting in a price per square foot of $457.11. The buyer of the property is 8247Blackburn LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,110,000
- Address: 8247 Blackburn Avenue
- Market: Beverly Grove
Jake Zacuto and Leor Binshtock from Zacuto Group represented both the buyer, 8247Blackburn LLC, and the seller during the transaction.
It is worth noting that the property received significant interest, with over 20 offers submitted. The prime location in the Beverly Grove area likely contributed to the high level of interest in this multifamily residential property.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.52%
Cash-on-Cash
-2.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93