835 S Sherbourne Drive Los Angeles, CA ^$ 5,500,000

835 S Sherbourne Drive

^$ 5,500,000

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835 S Sherbourne Drive

Los Angeles, CA, 90035

^$ 5,500,000

Bedrooms19 Baths18.0 Sq 11,558

Monthly Estimate*

^$ 38,419

Listed by Ingenious Asset Group, Inc.

835 S Sherbourne Drive, Los Angeles, CA 90035 - Image 1

835 S Sherbourne Drive, Los Angeles, CA 90035 - Image 2

835 S Sherbourne Drive, Los Angeles, CA 90035 - Image 3

835 S Sherbourne Drive, Los Angeles, CA 90035 - Image 4

835 S Sherbourne Drive, Los Angeles, CA 90035 - Image 5

835 S Sherbourne Drive, Los Angeles, CA 90035 - Image 6

835 S Sherbourne Drive, Los Angeles, CA 90035 - Image 7

Multi-Family Home for sale in Los Angeles, CA

for $5,500,000 with 19 bedrooms and 18 full baths. This 11,558 square foot home was built in 1957 on a lot size of 0.2755.

Probate Sale, Court Confirmation MAY be required. 13-Unit residential property, for sale AFTER 51 years! Great unit mix 8 X 1 Bed, 4 X 2 Bed and large 1 X 3 Bed. 9 of 13 Units are currently vacant and will be delivered vacant at COE. Soft Story Retrofit has NOT been done. All units are separately metered for gas & electricity. No known upgrades (to any systems) done to the property. Seller is a Court-appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current 4 tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations. Seller is MOTIVATED and wants to see ALL offers. Only the vacant units will be shown during the open houses.

Multi-Family Active

Price

^$ 5,500,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Traditional

Lot Size

0.2755

Year Built

1957

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

23301673

Days on Market

239

Features

General

Interior Features Balcony CeilingFans RecessedLighting

Sewer Other

Heating WallFurnace

Cooling WallWindowUnits

Possession CloseOfEscrow

Roof Shingle

Appliances GasRange Microwave Oven Dryer Washer

Exterior Features RainGutters

Zoning LAR3

Architectural Style Traditional

Pool Features None

Security Features CarbonMonoxideDetectors SmokeDetectors

Construction Materials Concrete Stucco WoodSiding

Exclusions Sale of property does not include any personal property belonging to the tenants.

Year Built 1957

Levels ThreeOrMore

Gross Income 383331.0

County Los Angeles

Net Operating Income 235869.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage Y

Facing Direction East

Garage Y/N Y

Special Listing Conditions ProbateListing

Status ActiveUnderContract

Buyer Financing Cash

Directions North of W Olympic Blvd. East of Doheny Dr. West of La Cienega Blvd and South of Wilshire Blvd

City Los Angeles

Disclosures RentControl

View Y/N Y

Senior Community Y/N N

Total Units 13

MLS Area C19 - Beverly Center-Miracle Mile

Lot Size Square Feet 12000.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Sherbourne

Listing Terms Cash

Spa Features None

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Property Condition RepairsCosmetic

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 178

Standard Status ActiveUnderContract

Occupancy Description Tenant

Year Built Source Assessor

Cap Rate 4.29

Interior

Flooring Carpet Tile Wood

Fireplace Features None

Total Stories 0

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Window Features FrenchMullioned

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Drive

Laundry Features Inside

Total Bedrooms 19

Electric On Property Y/N N

Total Baths 18

Exterior

Parking Features Covered Garage Tandem

Lot Features Landscaped

Water Source Public

Total Parking 17.0

Lot Size Area 12000.0

Number of Buildings 1

Spa N

Building Area Total 11558.0

Lot Size Acres 0.2755

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 835

* Excluded Features

List By

Ingenious Asset Group, Inc.

Broker

(310) 207-2288

Phone

Affordability Calculator

$38,419

Per Month

Monthly Principal & Interest: $38,419
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,033,241

Percent of Sale Price 63%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/6/2023	$5,500,000		Listed Price

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835 S Sherbourne Drive, Los Angeles, CA, 90035 is a Multi-Family Home for sale at $5,500,000 with 11,558 sqft and a lot size of 0.2755. 835 S Sherbourne Drive has 19 bedrooms, 18.0 baths, and was built in 1957. The property's zip code is 90035 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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835 S Sherbourne Drive

Multi-Family Home for sale in Los Angeles, CA

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