
432 S Sherbourne Dr Los Angeles, CA 90048
Beverly Grove NeighborhoodEstimated payment $13,199/month
Highlights
- Tandem Parking
- Laundry Room
- West Facing Home
- West Hollywood Elementary School Rated A-
About This Home
This offering presents a rare opportunity to acquire a stabilized multifamily asset with a 5.80% in-place cap rate in one of Los Angeles' most competitive rental markets. Located in Beverly Grove, just steps from Beverly Hills, the property delivers immediate income security alongside enduring tenant demand driven by its prime location. Residents benefit from proximity to major job centers, world-class dining, shopping, and cultural institutions, while the affordability gap in homeownership continues to fuel long-term rental stability. The existing vacancy also creates a unique owner-user opportunity, allowing a buyer to occupy a unit in this highly desirable submarket while collecting rental income from the remaining apartments.Blending vintage architectural charm with modern improvements, the property offers both character and practicality. A completed seismic retrofit ensures safety and compliance while removing a significant capital expense for new ownership. Tenants are further attracted by desirable amenities including gated entry, covered parking, balconies or patios in select units, and on-site laundry facilities. The owner's unit features central air and a private rear yard, providing rare features in this neighborhood that enhance livability and value.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 6,504 Sq Ft Lot
- West Facing Home
Home Design
- Stucco
Interior Spaces
- 6,190 Sq Ft Home
- 2-Story Property
- Oven or Range
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Parking
- 3 Open Parking Spaces
- 8 Parking Spaces
- Carport
- Tandem Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- Assessor Parcel Number 4334-016-016
Community Details
Overview
- 5 Units
Building Details
- Rent Control
- Vacancy Allowance $5,868
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/28/2025 08/28/25 | For Sale | $2,050,000 | -- | $331 / Sq Ft |
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