Property listed by Lyon Stahl Investment Real Estate, Inc., Austin Zahn 310-613-1251
$2,390,000
1114 S Sherbourne Drive is a well-located 7-unit multifamily property in one of Los Angeles’ most consistently high-demand rental neighborhoods. Situated just south of Olympic Blvd in the desirable Pico-Robertson / Beverly Grove adjacent corridor, this offering provides investors with stable in-place income and strong long-term upside in a premier… Read More central LA location. Recent renovations include interiors of 4 of the 7 units and a new roof has been recently installed.
The property features a desirable unit mix with spacious floor plans that appeal to a broad tenant base seeking proximity to Beverly Hills, Century City, Culver City, and West Hollywood. Residents enjoy walkable access to local dining, markets, houses of worship, and daily conveniences, along with easy connectivity via Olympic, Pico, and Robertson corridors.
This classic Los Angeles apartment building offers solid rental fundamentals, making it an ideal fit for investors seeking a low-vacancy, high-demand submarket with long-term appreciation potential. With continued rental growth in the area and limited new multifamily supply nearby, Sherbourne Drive remains a highly sought-after address for renters. Read Less
Listing Snapshot
Days Online
31
Last Updated
Property Type
Apartment
Lot Size
0.15 Acres
Year Built
1955
MLS Number
SB26027831
Additional Details
Building
Built in 1955, 1 building, 2 stories, Entry level: 1, Entry location: ground, Construction Materials: Stucco
Community
StreetLights, Sidewalks
Cooling
None
Expenses
Operating: $59,330
Fence
None
Fireplaces
None
Foundation
SeeRemarks
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross Income: $185,352, Gross ScheduledIncome: $185,352, Net Operating Income: $120,461
Laundry
CommonArea
Lot
0.1469 acres, Paved
Parking
4 carport spaces, 6 open parking spaces, 10 total parking spaces, Carport
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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