$2,500,000

1942 S Sherbourne Dr Los Angeles, CA 90034

Mid-City Neighborhood

Estimated payment $16,188/month

Total Views 1,260
2 Beds
1 Bath
6,300 Sq Ft
$397 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Stacked Washer and Dryer

About This Home

Prime Mid-City Value-Add Opportunity! Nestled in one of LA’s most desirable rental corridors, this well-maintained 6-unit apartment building at 1942 S Sherbourne Drive offers a rare chance to secure stable income with upside. The gated property features upgraded, spacious units—each with in-unit laundry—and assigned on-site parking. Tenants enjoy easy access to the 10 Freeway, Culver City, Downtown, and the La Cienega/Jefferson Metro station. With strong current income, separately metered gas/electric, and low operating expenses, this property is ideal for investors seeking long-term appreciation, solid cash flow, and potential rent growth in a high-demand submarket.

Listing Agent

Dillon Perera

Meldia Investment Realty of America Brokerage Phone: 310-848-3746 License #01797577 Listed on: 06/24/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,861 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 6,300 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Parking Available
  • Combination Of Materials Used In The Driveway
  • Uncovered Parking
  • Assigned Parking

Listing and Financial Details

  • Tax Lot 183
  • Tax Tract Number 1250
  • Assessor Parcel Number 4302025015
  • $1,173 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $125
  • Gardener Expense $1,200
  • Insurance Expense $3,800
  • Maintenance Expense $10,000
  • Professional Management Expense $10,000
  • Trash Expense $5,200
  • Water Sewer Expense $2,500
  • New Taxes Expense $19,681
  • Operating Expense $57,671
  • Gross Income $169,012
  • Net Operating Income $111,341

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Price Per Unit: 416667
  • Professional Management Expense: 10000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2500.00
  • Zoning: LARD2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4302025015
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front and Back Gate
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 396.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Driveway - Combination, Uncovered

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Inside, Stackable, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 5200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6861.00
  • Lot Size Acres: 0.1575

Rental Info

  • Tenant Pays: Electricity, Gas, Parking Fee

Multi Family

  • Fuel Expense: 125.00
  • Gross Income: 169012.00
  • Gross Scheduled Income: 169012.00
  • Insurance Expense: 3800.00
  • Lot Size Area: 6861.0000 Square Feet
  • Maintenance Expense: 10000.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 111341.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 57671.00
  • Rent Control: Yes
  • Total Expenses: 57671.00

Tax Info

  • New Taxes Expense: 19681.00
  • Tax Census Tract: 2696.01
  • Tax Lot: 183
  • Tax Tract Number: 1250
  • TaxOtherAnnualAssessmentAmount: 1173.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 For Sale $2,500,000 -- $397 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25142112

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90034 Mid-City

1942 S Sherbourne Dr, Los Angeles, CA

This home is located at 1942 S Sherbourne Dr, Los Angeles, CA 90034 and is currently priced at $2,500,000, approximately $396 per square foot. This property was built in 1956. 1942 S Sherbourne Dr is a home located in Los Angeles County with nearby schools including Mark Twain Middle School, Alexander Hamilton Senior High School, and Cheder Menachem School.

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes
Listing Agent
Dillon Perera
Section Image
Meldia Investment Realty of America
(818) 854-2470