Los Angeles, CA 90035 1042 S Sherbourne Drive

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  • MLS# 21795208
  • 10/14/2021
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Presented By: Saadia 'Sam' Liberow with Marcus & Millichap - 718-406-3128
  • Beds • 9
  • Baths • 6
  • SQFT • 5,312
  • Year Built • 1954

Home Details

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.
Presented By: Saadia 'Sam' Liberow with Marcus & Millichap - 718-406-3128

Interior Features for 1042 S Sherbourne Drive

Bathrooms

Total Baths0

Other Interior Features

Heating Y/NYes

General for 1042 S Sherbourne Drive

AppliancesConvection Oven
FlooringWood
HOA Fee$0
HeatingCentral
Listing AgentSaadia 'Sam' Liberow - BRE#01933858
Listing Agent State License01933858
Lot Size Square Feet6875
MLS AreaC19 - Beverly Center-Miracle Mile
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
StatusActive
Total Units6
ViewNone
ZoningLAR3

Exterior for 1042 S Sherbourne Drive

Lot Size Acres0.16
Lot Size Area6875
Lot Size UnitsSquare Feet
Number of Buildings1
Parking FeaturesCovered
Total Parking6
View Y/NNo

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $2,688,888
MLS#21795208
List Date 10/14/2021
Property Type Income
Phone 310.658.1749
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