2040 S Sherbourne Drive

    Los Angeles (City), CA 90034
    • $3,500,000
    • STATUS: Active
    • ON SITE: 96 days
    • ID#: 19498340
    UPDATED: 37 min ago
    $3,500,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,981
      SQFT
    • $501
      $/SQFT
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    We are proud to present these 6-units located at 2040 South Sherbourne Drive in Los Angeles, California. The offering is situated on a 7,063 SF lot with a rentable area of 6,981 SF and consists of three- 2 Bed/2 Bath and three- 3 Bed/2 Bath units with 9 parking spots.The offering is well located in the 90034 zip code, proximate to Pico-Robertson, Beverly Hills, Century City and Culver City. In 2018, the earthquake retrofitting work was 100% completed on this property. Furthermore, the property is separately metered for gas and electricity, meaning the tenants will be responsible for those utility bills, ultimately allowing the owner a better return on investment.The Sherbourne Apartments have recently completed the extensive renovations to both the exterior as well as 5 of the 6 units' interiors.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-14T15:34:03.393. 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 deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
    www.searchsocalrealestate.com/homes/97811578

    2040 S Sherbourne Drive Los Angeles (City), CA 90034

    • Price: $3,500,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: 19498340
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    6,981
    SQFT
    $501
    $/SQFT
    1956
    Built
    Neighborhood:
    C09 - Beverlywood Vicinity
    County:
    Los Angeles
    Area:
    C09 - Beverlywood Vicinity
    Property Description
    We are proud to present these 6-units located at 2040 South Sherbourne Drive in Los Angeles, California. The offering is situated on a 7,063 SF lot with a rentable area of 6,981 SF and consists of three- 2 Bed/2 Bath and three- 3 Bed/2 Bath units with 9 parking spots.The offering is well located in the 90034 zip code, proximate to Pico-Robertson, Beverly Hills, Century City and Culver City. In 2018, the earthquake retrofitting work was 100% completed on this property. Furthermore, the property is separately metered for gas and electricity, meaning the tenants will be responsible for those utility bills, ultimately allowing the owner a better return on investment.The Sherbourne Apartments have recently completed the extensive renovations to both the exterior as well as 5 of the 6 units' interiors.
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Association Amenities Other Association YN Yes Cap Rate 4.54 Gross Multiplier 14.96 Gross Operating Income 234000.00 Improvements Amount 1000000 Land Value 1000000 Laundry YN Yes Net Operating Income 159027.00 Special Listing Conditions Standard Total Expenses 67953.00 Zoning Lard1.5

    Listing provided courtesy of Filip Niculete of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-14T15:34:03.393. 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 deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
     
    Rogers Realty Group/Berkshire Hathaway HomeServices California Properties
    1063 W Sixth Street
    Ontario CA, 91762