$8,000,000
0.39 acres
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1020 S Sherbourne Dr
Los Angeles, CA 90035
Explore This Property
Multi-Family (2-4 Units)
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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
Elementary School
CARTHAY CENTER ELEMENTARY
3 stars View School Details
Grades PRESCHOOL-5 | Public School
Los Angeles, CA 90048
6351 W OLYMPIC BLVD
323-935-8173
6351 W OLYMPIC BLVD
323-935-8173
0.6
miles
miles
Total Students 360
Student Teacher Ratio 22:1
Student Teacher Ratio 22:1
3 stars View School Details
Middle School
EMERSON COMMUNITY CHARTER SCHOOL
3 stars View School Details
Grades 6-8 | Public School
Los Angeles, CA 90024
1650 SELBY AVE
310-234-3100
1650 SELBY AVE
310-234-3100
3.3
miles
miles
Total Students 618
Student Teacher Ratio 21:1
Student Teacher Ratio 21:1
3 stars View School Details
High School
FAIRFAX SENIOR HIGH SCHOOL
4 stars View School Details
Grades 9-12 | Public School
Los Angeles, CA 90046
7850 MELROSE AVE
323-370-1200
7850 MELROSE AVE
323-370-1200
2.0
miles
miles
Total Students 1804
Student Teacher Ratio 18:1
Student Teacher Ratio 18:1
4 stars View School Details
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 |
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
Weather
(in Degrees Fahrenheit)
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.