Blackburn Beverly LP Acquires Multifamily In Beverly Grove For $12.1M

The multifamily property located at 8403 Blackburn Ave. in Beverly Grove was recently sold for a sale price of $12,100,000. The property consists of 30 units, with an average price per unit of $403,333. The total square footage of the property is 28,680, resulting in a price per square foot of $421.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,100,000
• Units: 30
• Price Per Unit: $403,333
• Square Footage: 28,680
• Price Per Square Foot: $421
• Market: Beverly Grove

The buyer, Blackburn Beverly LP, represented by Michael Cohanzad, acquired the property. The deal was facilitated by brokers John Swartz, Marc Hernandez, and Scott Syme from Compass.