Price Reduction
Address
1042 S Sherbourne Drive Los Angeles, CA
Price
$ 2,688,888
Property Attributes
  • MLS#21795208
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaBeverly Center-Miracle Mile
  • Zip90035
  • Style
  • Price$ 2,688,888
  • Bedrooms9
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage5312
  • Lot Size6,875 SqFt
Listing Provided Courtesy Of:
Saadia 'Sam' Liberow with Marcus & Millichap
Data Source:
Combined LA/Westside MLS (CLAW) - 318 - CA
Property Description

We are pleased to present 1042 S. Sherbourne Drive, a 6-unit apartment building located in the heart of Pico-Robertson, one of the strongest rental submarkets in Los Angeles. Situated on a 6,875 SF lot, this two-story building consists of 5,312 rentable SF and includes three (3) one-bedroom/one-bath units and three (3) two-bedroom/one-bath units. On-site amenities include a laundry facility and six (6) off-street parking spaces. The property has been owned, operated, and well maintained by current ownership for over 40 years, and will be delivered with two vacant units at the close of escrow, presenting a perfect opportunity for buyers looking to increase rental income through renovations. Pico-Robertson is a high-density rental market adjacent to Beverly Hills, Century City, Beverlywood, Miracle Mile, Carthay Square, Mid-City, and West Hollywood. These surrounding areas include major employment centers for residents in the Pico-Robertson area. The property itself is within walking distance to Pico Boulevard, which hosts a diversity of restaurants, grocery stores, bars, synagogues, and schools.This asset offers investors a great opportunity to acquire a well-maintained apartment building in the heart of Pico-Robertson, with significant upside potential.

Price History
10/14/2021 Listed $2,788,888
11/18/2021 4% - $2,688,888

General Features

Appliances Convection Oven
Flooring Wood
Heating Central
Listing Agent Saadia 'Sam' Liberow - BRE#01933858
Listing Agent State License 01933858
Lot Size Square Feet 6875
MLS Area C19 - Beverly Center-Miracle Mile
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Total Units 6
View None
Zoning LAR3

Interior Features

Heating Y/N Yes

Exterior Features

Lot Size Acres 0.16
Lot Size Area 6875
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Covered
Total Parking 6

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90035

Price
AVG $2.5M
$2.69M
Visits
AVG 31
2
Year Built
AVG 1943
1954
Walkscore
AVG 90
90
Data Provided by Walkscore ® not using MLS data

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