12

1042 S SHERBOURNE DR Los Angeles, CA 90035

$2,788,888

Bedrooms

Total Baths

Full Baths

5,312

Square Feet

0.16

Acres

1954

Year Built

11 days

On Website

Active

Status

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.

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Details


Interior
Appliances
Convection Oven
Flooring
Wood
Living Area
5,312 SqFt.

Building And Construction
Number Of Units Total
6
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1954

Exterior And Lot
Lot Size Acres
0.1578
Lot Size Square Feet
6875
Lot Size Units
Square Feet
Parking Total
6
Zoning
LAR3

Utilities
Heating
Central

Area And Schools
City
Los Angeles
County Or Parish
Los Angeles

Financial Info
Buyer Agency Compensation
2%

Listing By Marcus & Millichap – Saadia 'Sam' Liberow

MLS# 21795208

Data Last Updated 9:12AM - 10/25/2021

California Regional MLS

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright© 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright© 2021 California Regional Multiple Listing Service, Inc. All rights reserved.

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