$8,000,000
0.39 acres
34.0587 -118.379
FOR SALE

1020 S Sherbourne Dr Los Angeles, CA 90035

$8,000,000

Est. Monthly $28,312 recalculate
0.39 acres
 

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1020 S Sherbourne Dr
Los Angeles, CA 90035

Explore This Property

Multi-Family (2-4 Units) - 1020 S. Sherbourne Drive is a multifamily asset ideally located in the coveted Westside enclave of Beverlywood. Owned and operated by the Seller for over 40 years, the property offers a dynamite unit mix consisting of large 1, 2 and 3 bedroom units, all offering significant rental upside. Built in 1964, the property features a large lobby opening to a beautiful central courtyard with a sparkling pool. There is on-site parking for 27 cars and an on-site laundry facility. The unit mix includes (6) 1-bed, 1-bath units, (9) 2-bed, 2-bath units, and (6) 3-bed, 2-bath units. There are also 3 vacant units (a three bedroom and 2 one bedroom), which allow a buyer to immediately renovate and capture a higher rent. Overall, current rents hover significantly below market providing the astute investor with a long-term blueprint to add value and increase income. With a Walkscore of 90, 1020 S. Sherbourne is truly a walkers paradise.
MLS # 21-715682
Courtesy Of RE/MAX Commercial & Investment

Property Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Cooling System: Window Unit(s) A/C
  • Heating Fuel: Natural Gas
  • Lot Size: 0.39 Acres
  • Parking Type: Carport
  • Roof Type: Unknown

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 3.38% APR
    $28,312Your estimated monthly payment
    $1,600,00020% Down Payment
    $8,000,000 $6,400,000
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School

    CARTHAY CENTER ELEMENTARY
    Grades PRESCHOOL-5 | Public School

    Los Angeles, CA 90048
    6351 W OLYMPIC BLVD
    323-935-8173
    0.6
    miles

    Total Students 360
    Student Teacher Ratio 22:1

    School Rating

    3 stars View School Details

    Middle School

    EMERSON COMMUNITY CHARTER SCHOOL
    Grades 6-8 | Public School

    Los Angeles, CA 90024
    1650 SELBY AVE
    310-234-3100
    3.3
    miles

    Total Students 618
    Student Teacher Ratio 21:1

    School Rating

    3 stars View School Details

    High School

    FAIRFAX SENIOR HIGH SCHOOL
    Grades 9-12 | Public School

    Los Angeles, CA 90046
    7850 MELROSE AVE
    323-370-1200
    2.0
    miles

    Total Students 1804
    Student Teacher Ratio 18:1

    School Rating

    4 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Rabbi Jacob Pressman Academy 0.2 mi Private PRESCHOOL-8
    Ohr Haemet Institute For Girls 0.3 mi Private 9-12
    Bais Yaakov Machon 0.3 mi Private 9-10
    International Children's Academy 0.3 mi Private PRESCHOOL-K
    Page School-beverly Hills 0.3 mi Private PRESCHOOL-6
    Tashbar Sephardic Yeshiva Ketana 0.3 mi Private PRESCHOOL-8
    Horace Mann Elementary School 0.5 mi Public K-8
    Halstrom Academy - Beverly Hills 0.5 mi Private 6-12
    Bais Chana Chabad 0.6 mi Private 9-12
    Chabad Israeli Center - Westside Hebrew School 0.6 mi Private K-K
    Chofetz Chaim Los Angeles Affiliate 0.6 mi Private 8-12
    Bais Chaya Mushka Chabad School 0.6 mi Private 1-8
    Mesivta Birkas Yitzchok 0.6 mi Private 9-12
    Harkham Hillel Hebrew Academy 0.7 mi Private PRESCHOOL-8
    Yula Girls High School 0.7 mi Private 9-12
    Cheder Menachem School 0.7 mi Private K-8
    Crescent Heights Boulevard Elementary School 0.8 mi Public PRESCHOOL-5
    Canfield Avenue Elementary School 0.9 mi Public PRESCHOOL-5
    Shalhevet High School 0.9 mi Private 9-12

    Local Area Information for Los Angeles, CA 90035

    Median Age: 39.1
    Married: 31.6%
    Number of Households: 12,968
    Households with Children: 2,671
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2021 Combined LA Westside Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed.
      This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      † Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

      COUNTIES NEARBY Los Angeles

      The Multi-Family (2-4 Units) located at 1020 S Sherbourne Dr, Los Angeles, CA 90035 is currently for sale. 1020 S Sherbourne Dr, Los Angeles is listed for $8,000,000. If the property located at 1020 S Sherbourne Dr, Los Angeles, CA isn't what you're looking for, search California real estate to see other houses for sale in Los Angeles.