$2,600,000
SOLD SEP 16, 2021

1964 S Sherbourne Dr Los Angeles, CA 90034

Mid-City Neighborhood
7 Beds
5 Baths
7,296 Sq Ft
6,857 Sq Ft Lot

Recently Sold

$356 Per Sq Ft

18% Below List Price

27 Days on Market

About This Home

As of September 2021

We are pleased to present this 6-unit multi-family property in the highly sought-after area of La Cienega Heights! Built in 1955, the property sits on 6,856 sf of land with 7,296 sf of rentable area. This well-situated property is centrally located to Downtown Los Angeles, Hollywood, Beverly Hills, Downtown Culver City, and Santa Monica. Close to major freeways, and employers such as Kaiser Permanente, USC, LAX and Downtown Financial District. The subject property presents an incredible value-add opportunity for an investor to renovate the units and bring rents up to market value. The property boasts a phenomenal unit mix of (4) Three Bed / Two Bath units, (1) Two Bed / Two Bath unit, and (1) Two Bed / One Bath unit. It also has 6 parking spaces/carports available and is individually metered for gas and electricity. Property can be delivered vacant. Excellent investment opportunity for the next owner to take advantage of this fixer’s immense future upside. Don't Wait!

Last Agent to Sell the Property

RODOLFO GUERRERO

EQUINOX BIG REALTY Listed on: 07/22/2021

Last Buyer's Agent

Andy Pereira

Century Commercial RE Services License #01010336

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,973

Year Built

  • Built in 1955

Lot Details

  • 6,857 Sq Ft Lot
  • Property fronts a private road
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 7,296 Sq Ft Home
  • Property Attached
  • Major Repairs Completed

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Urban Location
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 188
  • Tax Tract Number 1250
  • Assessor Parcel Number 4302025020

Community Details

Overview

  • 6 Units

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,400
  • Insurance Expense $12,024
  • Trash Expense $2,832
  • Water Sewer Expense $13,800
  • Operating Expense $31,056
  • Gross Income $4,800
  • Net Operating Income $202,944

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,973

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Other Phone Description: Agent Direct
  • Other Phone Number: 714-417-8086
  • Property Attached: Yes
  • Road Frontage Type: Private Road
  • Water Sewer Expenses: 13800.00
  • Zoning: LARD2
  • Property Condition: Repairs Major
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 4302025020
  • Year Built: 1955
  • Special Features: Auction
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 356.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2832.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6857.00
  • Lot Size Acres: 0.1574

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4800.00
  • Gross Scheduled Income: 234000.00
  • Insurance Expense: 12024.00
  • Laundry Income: 4800.00
  • Lot Size Area: 6857.0000 Square Feet
  • Net Operating Income: 202944.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Operating Expense: 31056.00
  • Rent Control: No
  • Total Expenses: 31056.00

Tax Info

  • Tax Census Tract: 2696.01
  • Tax Lot: 188
  • Tax Tract Number: 1250
  • Tax Annual Amount: 7973.00

Range of Values:

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Sold Price
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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
09/16/2021 09/16/21 Sold $2,600,000 -17.7% $356 / Sq Ft
07/22/2021 07/22/21 For Sale $3,160,000 -- $433 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • RODOLFO GUERRERO

    Seller's Agent in 2021

    RODOLFO GUERRERO

    EQUINOX BIG REALTY

    (714) 417-8086

    1 in this area

    2 Total Sales

    RODOLFO GUERRERO
    Section Image
  • Andy Pereira

    Buyer's Agent in 2021

    Andy Pereira

    Century Commercial RE Services

    (909) 319-1136

    1 in this area

    38 Total Sales

    Andy Pereira
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21160499

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90034 Mid-City

1964 S Sherbourne Dr, Los Angeles, CA

This home is located at 1964 S Sherbourne Dr, Los Angeles, CA 90034 and is currently priced at $2,600,000, approximately $356 per square foot. This property was built in 1955. 1964 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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

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