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March 21, 2023
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LOS ANGELES COUNTY NEWS
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Apartment Building in L.A.ís Beverly Grove Trades for $354k/Unit

1/03/23

A seven-unit apartment property located in the Beverly Grove submarket of Los Angeles sold for $2.48 mil, or $354.3k/unit. The property is located at 8360 Blackburn Ave, east of La Cienega Blvd.

The property was built in 1955 and is subject to Los Angeles rent control. It consists of one studio / one-bathroom unit, two one-bedroom / one-bathroom units, two two-bedroom / one-bathroom units, and two two-bedroom / two-bathroom units.

Jason Tuvia and Nicholas Mejerski with the Tuvia Group represented the buyer, a private investor, and the seller in the deal. The property sold at a 3.82% cap rate and a 16.59 GRM.





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