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Los Angeles, CA 90035 835 S Sherbourne Drive

$5,500,000

835 S Sherbourne Drive Los Angeles, Ca - Image 1835 S Sherbourne Drive Los Angeles, Ca - Image 2835 S Sherbourne Drive Los Angeles, Ca - Image 3
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Presented By: Vineendra Jain with Ingenious Asset Group, Inc.;
  • MLS# 23301673
  • 09/05/2023
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  • BedBeds • 19
  • BathBaths • 18
  • FootageSQFT • 11,558
  • GarageGarage • 1

Home Details

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.
Presented By: Vineendra Jain with Ingenious Asset Group, Inc.;

Interior Features for 835 S Sherbourne Drive

Bedrooms

Total Bedrooms19

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths18

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Tile, Wood
Heating Y/NYes
Laundry FeaturesInside
Street SuffixDrive
Total Stories
Window FeaturesFrenchMullioned

General for 835 S Sherbourne Drive

Additional Parcels Y/NNo
AppliancesGasRange, Microwave, Oven, Dryer, Washer
Architectural StyleTraditional
Attached Garage Yes
Buyer FinancingCash
Cap Rate4.29
Carport Y/NNo
CityLos Angeles
Construction MaterialsConcrete, Stucco, WoodSiding
CoolingWallWindowUnits
CountyLos Angeles
Days on Market178
DirectionsNorth of W Olympic Blvd., East of Doheny Dr., West of La Cienega Blvd, and South of Wilshire Blvd
DisclosuresRentControl
ExclusionsSale of property does not include any personal property belonging to the tenants.
Exterior FeaturesRainGutters
Facing DirectionEast
Garage Y/NYes
Gross Income383331.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Interior FeaturesBalcony, CeilingFans, RecessedLighting
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Listing TermsCash
Lot Size Square Feet12000.0
MLS AreaC19 - Beverly Center-Miracle Mile
MobileHomeRemainsYNNo
Net Operating Income235869.0
New ConstructionNo
Occupancy DescriptionTenant
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property ConditionRepairsCosmetic
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsProbateListing
Standard StatusActiveUnderContract
StatusActiveUnderContract
Street NameSherbourne
Total Units13
View Y/NYes
Waterfront Y/NNo
Year Built1957
Year Built SourceAssessor
ZoningLAR3

Exterior for 835 S Sherbourne Drive

Building Area Total11558.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped
Lot Size Acres0.2755
Lot Size Area12000.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCovered, Garage, Tandem
SpaNo
Total Parking17.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $5,500,000
MLS#23301673
List Date 09/05/2023
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors