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1470 S Sherbourne Dr, Los Angeles, CA 90035
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1470 S Sherbourne Dr Los Angeles, CA 90035

$2,260,000 Sold Price as of 04/27/2023
  • 10 Beds
  • 8 Baths
  • 5,645 Sq.Ft.
Sold
$2,260,000 Sold Price as of 04/27/2023 Refinance Your Mortgage
Map preview of 1470 S Sherbourne Dr, Los Angeles, CA 90035

Property Overview: 1470 S Sherbourne Dr Los Angeles, CA has 10 bedrooms, 8 bathrooms, 5,645 living square feet and 6,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1470 S. Sherbourne Drive is a 6 Unit apartment property in the Pico-Robertson neighborhood of LA. Comprised of (3) 1- Bedroom/1-Bathroom, (1) 2 Bedroom/1-Bathroom, (1) 2-Bedroom/2-Bathroom, and (1) 3-Bedroom/2-Bathroom units, residents enjoy carport parking, additional storage space, and on-site laundry. The property is located in a residential area, consisting of single family homes and small apartment buildings. With a WalkScore ® of 85, residents can walk to a number of restaurants and retail shops.

Listed by Damien Breaux | BRE #01460301 | Morgan Skenderian
Co-listed by Jay Skenderian | BRE #01220368 | Morgan Skenderian
Last checked: 10 minutes ago | Last updated: September 2nd, 2023 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
6,501
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
PW23038866
City
Los Angeles
County
Los Angeles
Time on Site
439 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,771
  • Total Rent: $3,771
  • Pro Forma/Market Rent: $7,050
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,295
  • Total Rent: $2,295
  • Pro Forma/Market Rent: $2,695
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,295
  • Total Rent: $2,295
  • Pro Forma/Market Rent: $2,895
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,095
  • Total Rent: $3,095
  • Pro Forma/Market Rent: $3,495
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.1%
  • Gross Rent Multiplier: 14.96
  • Gross Scheduled Income: $158,793
  • Net Operating Income: $96,106
  • Gross Operating Income: $154,029
  • Vacancy Allowance: $4,763
Annual Expense Breakdown
  • Total Operating Expense: $57,923
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $3,387
  • Professional Management: $3,600
  • Water/Sewer: $0

Property Details for 1470 S Sherbourne Dr

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 4303019022
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of W Pico Blvd and West of La Cienaga Blvd
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1470 S Sherbourne Dr

Last sold for $2,260,000 on April 27th, 2023

  • September, 2023

  • Sep 2, 2023

    Date

    Expired

    CRMLS: 23280833

    $2,650

    Price

  • Jun 14, 2023

    Date

    Active

    CRMLS: 23280833

    $2,750

    Price

  • Listing provided courtesy of CRMLS

    Spacious 2 bedrooms apartment in central and desirable Pico/Robertson area. Hardwood floors throughout. Large living room and dining room, kitchen with refrigerator and stove. Spacious bedrooms. Lots of storage. Laundry room in building. Walking distance to a number of restaurants and retail shops.

  • April, 2023

  • Apr 27, 2023

    Date

    Sold

    CRMLS: PW23038866

    $2,260,000

    Price

  • Mar 8, 2023

    Date

    Active

    CRMLS: PW23038866

    $2,375,000

    Price

Show More

Tax History for 1470 S Sherbourne Dr

Assessed Value (2020): $372,759
Year Land Value Improved Value Assessed Value
2020 $128,178 $244,581 $372,759

Home Value Compared to the Market

This property vs the competition

1470 S Sherbourne Dr sold on April 27, 2023 for 99.58% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $420.73 per/sqft which puts the price per square foot 44.27% lower than the current median sale per square foot for the city of Los Angeles.

About 1470 S Sherbourne Dr

Detailed summary of property

1470 S Sherbourne Dr is a apartment that recently sold in Los Angeles, CA 90035. This apartment offered 10 bedrooms, 8 bathrooms, roughly 5,645 living square feet, and sits on an approximately 6,501 square foot lot. 1470 S Sherbourne Dr was first listed on ArdentRealEstateGroup.com on March 8, 2023. The homeowner sold the property for $2,260,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 99.58% higher than the current median priced home. Local homes that are currently for sale include 1118 Hi Point St, 6626 W 6th St and 2615 Chariton St. While the average home in Los Angeles, CA is selling in 92 days, 1470 S Sherbourne Dr has a days on market of 34 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1470 S Sherbourne Dr Los Angeles, CA 90035 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1470 S Sherbourne Dr

Public county record property details
Beds
9
Baths
8
Year built
1955
Sq. Ft.
5,645
Lot Size
6,501
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
105
APN
4303-019-022

The source for these homes facts are from public records.

90035 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$784
Median Sold Price
$1,465,000
Median Sold Price/Sq.Ft.
$843
Total Inventory
59
Median Sale to List Price %
104.64%
Avg Days on Market
35
Loan Type
Conventional (15.38%), FHA (0%), VA (0%), Cash (23.08%), Other (7.69%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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