919 S Sherbourne DR new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90035
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,750 sqft
Price per Sqft $381
MLS Listing ID 25586741
Bedrooms 12
HOA Y/N No
Year Built 1958
Lot Size 5,745 Sqft
Property Description
Introducing a rare opportunity to own a well-maintained 5-unit multifamily property in the highly sought-after Beverly Hills Adjacent neighborhood. This prime asset offers significant value-add potential, with current rents averaging roughly 25% below market. The unit mix includes (4) spacious three-bedroom apartments and (1) studio. The three-bedroom owner's unit will be delivered vacant, presenting an immediate opportunity for income maximization. All three-bedroom layouts boast expansive living spaces, making them ideal for an owner-occupier. Recent capital improvements include a seismic retrofit (2025) and SB-721 balcony compliance (2025), minimizing future capital expenditure risk. Buyer may also recover up to 50% of the EQ retrofit costs through Tenant pass-throughs. Additional highlights include 10 parking spaces, an on-site laundry facility, and individually metered gas and electric utilities, enhancing Tenant convenience and operational efficiency. Located in a highly walkable neighborhood, just minutes from top-tier restaurants, retail, parks, and amenities, this property is a rare find for investors and possible owner-occupiers. With strong long-term appreciation potential and immediate income upside, this is an opportunity not to be missed.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR3
Interior
Heating Forced Air
Fireplace No
Appliance Dishwasher,Refrigerator
Exterior
Parking Features Assigned,Covered,Carport,Garage,Tandem,Uncovered
Total Parking Spaces 10
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4333021028
Special Listing Condition Standard