1616 S Sherbourne Dr, Los Angeles, CA 90035
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1616 S Sherbourne Dr Los Angeles, CA 90035

$2,300,000 Sold Price as of 08/29/2023
  • 6 Beds
  • 4 Baths
  • 3,824 Sq.Ft.
Sold
$2,300,000 Sold Price as of 08/29/2023 Refinance Your Mortgage

Map preview of 1616 S Sherbourne Dr, Los Angeles, CA 90035

Property Overview: 1616 S Sherbourne Dr Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,824 living square feet and 6,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: TO BE DELIVERED 100% VACANT! This exquisite duplex located in the highly sought-after Pico-Robertson neighborhood! This stunning property offers two expansive 3-bedroom, 2-bathroom units and will be delivered vacant, providing endless possibilities for its fortunate new owner.Combining the charm of 1920's Spanish-style architecture with modern renovations, this remarkable property is truly exceptional. Among its numerous upgrades are solar panels, upgraded electrical systems, tankless water heaters, copper plumbing, and central AC downstairs, with mini split AC upstairs.The exterior of the property boasts a spacious backyard, which includes a unique featurean impressive pizza oven. Imagine the joy of indulging in freshly baked pizzas and entertaining guests in this inviting outdoor space. Additionally, each unit is equipped with its own in-unit washer and dryer, offering added convenience and luxury.The expansive lot of 6,500 square feet perfectly complements the building's 3,824 square feet, providing ample space and endless potential. The backyard also includes a separate building that holds immense promise. This structure can easily be transformed into an Accessory Dwelling Unit (ADU) (Buyer to Verify), offering the opportunity for additional rental income or a flexible space for various purposes, such as a home office, gym, or guest quarters.Whether you're an investor seeking a lucrative income property, a multi-generational family in need of separate living quarters, or an owner-occupant desiring to rent out the other unit, this property caters to diverse needs.Situated in the desirable Pico-Robertson neighborhood, you'll enjoy convenient access to a wide array of amenities, including restaurants, shops, parks, and entertainment options.This prime location offers a desirable blend of convenience and tranquility, making it one of Los Angeles' most coveted places to call home.Don't miss out on the chance to own this extraordinary duplex, featuring spacious living areas, modern upgrades, ADU potential, a delightful backyard pizza oven, and in-unit washer/dryers in each unit. Embrace this opportunity to create your dream home or investment property in one of the most sought-after neighborhoods in Los Angeles

Listed by Chase Simonton | BRE #01766871 | RE/MAX One
Co-listed by Robert Carlile | BRE #02066811 | RE/MAX One
Last checked: 13 minutes ago | Last updated: August 30th, 2023 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
6,500
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23278183
City
Los Angeles
County
Los Angeles
Time on Site
344 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $6,250
  • Total Rent: $6,250
  • Pro Forma/Market Rent: $6,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $6,250
  • Total Rent: $6,250
  • Pro Forma/Market Rent: $6,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.54%
  • Gross Rent Multiplier: 15.33
  • Gross Scheduled Income: --
  • Net Operating Income: $99,862
  • Gross Operating Income: $150,000
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1616 S Sherbourne Dr

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 4303013057
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Pickford St & Sherbourne Dr
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Sale History for 1616 S Sherbourne Dr

Last sold for $2,300,000 on August 29th, 2023
  • August, 2023

  • Aug 29, 2023

    Date

    Sold

    CRMLS: 23278183

    $2,300,000

    Price

  • Jun 7, 2023

    Date

    Active

    CRMLS: 23278183

    $2,200,000

    Price

  • June, 1996

  • Jun 28, 1996

    Date

    Sold (Public Records)

    Public Records

    $295,000

    Price

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Tax History for 1616 S Sherbourne Dr

Assessed Value (2020): $803,927
Year Land Value Improved Value Assessed Value
2020 $421,987 $381,940 $803,927

Home Value Compared to the Market

This property vs the competition

1616 S Sherbourne Dr sold on August 29, 2023 for 84.87% 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 $575.31 per/sqft which puts the price per square foot 23.8% lower than the current median sale per square foot for the city of Los Angeles.

About 1616 S Sherbourne Dr

Detailed summary of property

1616 S Sherbourne Dr is a multi family that recently sold in Los Angeles, CA 90035. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 3,824 living square feet, and sits on an approximately 6,500 square foot lot. 1616 S Sherbourne Dr was first listed on ArdentRealEstateGroup.com on June 7, 2023. The homeowner sold the property for $2,300,000. 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 84.87% higher than the current median priced home. Local homes that are currently for sale include 1125 Hi Point St, 2621 Chariton St and 2625 Chariton. While the average home in Los Angeles, CA is selling in 94 days, 1616 S Sherbourne Dr has a days on market of 8 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1616 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 1616 S Sherbourne Dr

Public county record property details
Beds
6
Baths
4
Year built
1929
Sq. Ft.
3,824
Lot Size
6,500
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
121
APN
4303-013-057

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
58
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%)

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Related Resources to 1616 S Sherbourne Dr

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.