Sheleneatanacio.com
Address
1020 S Sherbourne Drive Los Angeles, CA
Price
$ 8,000,000
Property Attributes
  • MLS#21715682
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaBeverly Center-Miracle Mile
  • Zip90035
  • Style
  • Price$ 8,000,000
  • Bedrooms21
  • Full Bathrooms21
  • Half Bathrooms0
  • Lot Size0.38 Acres
Listing Provided Courtesy Of:
Jonathan Taksa with Remax Commercial and Investment Realty
Data Source:
CLAW
Property Description

1020 S. Sherbourne Drive is a multifamily asset ideally located in the coveted Westside enclave of Beverlywood. Owned and operated by the Seller for over 40 years, the property offers a dynamite unit mix consisting of large 1, 2 and 3 bedroom units, all offering significant rental upside. Built in 1964, the property features a large lobby opening to a beautiful central courtyard with a sparkling pool. There is on-site parking for 27 cars and an on-site laundry facility. The unit mix includes (6) 1-bed, 1-bath units, (9) 2-bed, 2-bath units, and (6) 3-bed, 2-bath units. There are also 3 vacant units (a three bedroom and 2 one bedroom), which allow a buyer to immediately renovate and capture a higher rent. Overall, current rents hover significantly below market providing the astute investor with a long-term blueprint to add value and increase income. With a Walkscore of 90, 1020 S. Sherbourne is truly a walkers paradise.

Price History
4/6/2021 Listed $8,000,000

General Features

Carport Y/N Yes
MLS Area C19 - Beverly Center-Miracle Mile
Parking Features Attached Carport
Pool Features Fenced, In Ground
Property Type Residential Income
Total Units 21
Zoning LAR3

Interior Features

Laundry Features Laundry Room

Exterior Features

Lot Size Acres 0.38
Lot Size Area 16862
Lot Size Square Feet 16862
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90035

Price
AVG $3.35M
$8M
Visits
AVG 14
10
Year Built
AVG 1951
1964
Walkscore
AVG 91
90
Data Provided by Walkscore ® not using MLS data

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