835 South Sherbourne Drive Los Angeles, CA ^$ 5,500,000

835 South Sherbourne Drive

^$ 5,500,000

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835 South Sherbourne Drive

Los Angeles, CA, 90035

^$ 5,500,000

Studio Baths0.0 Sq 11,558

Monthly Estimate*

^$ 38,419

835 South Sherbourne Drive, Los Angeles, CA 90035 - Image 1

835 South Sherbourne Drive, Los Angeles, CA 90035 - Image 2

835 South Sherbourne Drive, Los Angeles, CA 90035 - Image 3

835 South Sherbourne Drive, Los Angeles, CA 90035 - Image 4

835 South Sherbourne Drive, Los Angeles, CA 90035 - Image 5

835 South Sherbourne Drive, Los Angeles, CA 90035 - Image 6

835 South Sherbourne Drive, Los Angeles, CA 90035 - Image 7

Studio

Multi-Family Home for sale in Los Angeles, CA

for $5,500,000. This 11,558 square foot home was built in 1957 on a lot size of 0.28.

Probate Sale, Court Confirmation MAY be required. 13-Unit residential property, for sale AFTER 51 years! Great unit mix 8 X 1 Bed, 4 X 2 Bed and large 1 X 3 Bed. 9 of 13 Units are currently vacant and will be delivered vacant at COE. Soft Story Retrofit has NOT been done. All units are separately metered for gas & electricity. No known upgrades (to any systems) done to the property. Seller is a Court-appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current 4 tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations. Seller is MOTIVATED and wants to see ALL offers. Only the vacant units will be shown during the open houses.

Multi-Family Contingent

Price

^$ 5,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Traditional

Lot Size

0.28

Year Built

1957

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0023301673

Features

General

Interior Features Ceiling Fan(s) Living Room Balcony Recessed Lighting

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Possession Close of Escrow

Roof Shingle

Exterior Features Rain Gutters

Zoning LAR3

Architectural Style Traditional

Security Features Smoke Detector(s) Carbon Monoxide Detector(s)

Construction Materials Concrete Stucco Wood Siding

Exclusions Sale of property does not include any personal property belonging to the tenants.

Year Built 1957

Levels Three or More

Accessibility Other

County Los Angeles

Net Operating Income 235869.0

New Construction No

Property Type C

HOA / Comm Assn No

Contingency Active Under Contract

Facing Direction East

Status Active Under Contract

City Los Angeles

Buyer Agent Compensation 2.50

View Y/N Yes

Senior Community Y/N No

MLS Area C19 - Beverly Center-Miracle Mile

Lot Size Square Feet 12000.0

Street Name Sherbourne

Property Condition Repairs Cosmetic

Structure Type None

Standard Status Active Under Contract

Year Built Source Assessor

Buyer Agent Compensation Type %

Interior

Flooring Tile Wood Carpet

Kitchen Appliances Microwave Gas Range Oven

Common Walls No Common Walls

Air Conditioning Y/N Yes

Heating Y/N Yes

Window Features French/Mullioned

Fireplace Y/N No

Street Suffix Drive

Laundry Features None Washer Included Dryer Included Inside

Total Baths 0

Exterior

Parking Features Tandem Garage Covered

Lot Features Landscaped

Water Source Public

Lot Size Area 12000.0

Spa No

Pool Y/N? No

Building Area Total 11558.0

Lot Size Acres 0.28

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Vineendra Jain

Listing Agent

Ingenious Asset Group, Inc.

Broker

Affordability Calculator

$38,419

Per Month

Monthly Principal & Interest: $38,419
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,999,871

Percent of Sale Price 64%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/6/2023	$5,500,000		Listed Price

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835 South Sherbourne Drive, Los Angeles, CA, 90035 is a Multi-Family Home for sale at $5,500,000 with 11,558 sqft and a lot size of 0.28. 835 South Sherbourne Drive is a studio with 0.0 baths and was built in 1957. The property's zip code is 90035 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 3/2/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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835 South Sherbourne Drive

Multi-Family Home for sale in Los Angeles, CA

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