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1964 S Sherbourne Dr, Los Angeles, CA 90034
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1964 S Sherbourne Dr Los Angeles, CA 90034

$2,600,000 Sold Price as of 09/16/2021
  • 16 Beds
  • 11 Baths
  • 7,296 Sq.Ft.
Sold
$2,600,000 Sold Price as of 09/16/2021 Refinance Your Mortgage
Map preview of 1964 S Sherbourne Dr, Los Angeles, CA 90034

Property Overview: 1964 S Sherbourne Dr Los Angeles, CA has 16 bedrooms, 11 bathrooms, 7,296 living square feet and 6,857 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this 6-unit multi-family property in the highly sought-after area of La Cienega Heights! Built in 1955, the property sits on 6,856 sf of land with 7,296 sf of rentable area. This well-situated property is centrally located to Downtown Los Angeles, Hollywood, Beverly Hills, Downtown Culver City, and Santa Monica. Close to major freeways, and employers such as Kaiser Permanente, USC, LAX and Downtown Financial District. The subject property presents an incredible value-add opportunity for an investor to renovate the units and bring rents up to market value. The property boasts a phenomenal unit mix of (4) Three Bed / Two Bath units, (1) Two Bed / Two Bath unit, and (1) Two Bed / One Bath unit. It also has 6 parking spaces/carports available and is individually metered for gas and electricity. Property can be delivered vacant. Excellent investment opportunity for the next owner to take advantage of this fixer’s immense future upside. Don't Wait!

Listed by RODOLFO GUERRERO | BRE #02103406 | EQUINOX BIG REALTY
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
6,857
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
CV21160499
City
Los Angeles
County
Los Angeles
Time on Site
1032 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 5
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $234,000
  • Net Operating Income: $202,944
  • Gross Operating Income: --
  • Laundry Income: $4,800
Annual Expense Breakdown
  • Total Operating Expense: $31,056
  • Trash: $2,832
  • Gardener: $2,400
  • Insurance: $12,024
  • Professional Management: $0
  • Water/Sewer: $13,800

Property Details for 1964 S Sherbourne Dr

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
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: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 4302025020
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Repairs Major
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Location / Neighborhood
Location Information
  • Directions: Between Guthrie and Sawyer
  • Road Frontage Type: Private Road
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1964 S Sherbourne Dr

Last sold for $2,600,000 on September 16th, 2021

  • September, 2021

  • Sep 17, 2021

    Date

    Sold

    CRMLS: CV21160499

    $2,600,000

    Price

  • Aug 23, 2021

    Date

    Active Under Contract

    CRMLS: CV21160499

    $3,160,000

    Price

  • Jul 23, 2021

    Date

    Active

    CRMLS: CV21160499

    $3,160,000

    Price

  • July, 2021

  • Jul 20, 2021

    Date

    Canceled

    CRMLS: DW20251687

    $4,416,000

    Price

  • Jul 16, 2021

    Date

    Active

    CRMLS: DW20251687

    $4,416,000

    Price

  • Jul 13, 2021

    Date

    Hold

    CRMLS: DW20251687

    $4,416,000

    Price

  • Apr 18, 2021

    Date

    Active

    CRMLS: DW20251687

    $4,416,000

    Price

  • Apr 14, 2021

    Date

    Hold

    CRMLS: DW20251687

    $4,416,000

    Price

  • Dec 9, 2020

    Date

    Active

    CRMLS: DW20251687

    $4,416,000

    Price

  • Dec 8, 2020

    Date

    Hold

    CRMLS: DW20251687

    $4,416,000

    Price

  • Dec 4, 2020

    Date

    Active

    CRMLS: DW20251687

    $4,416,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to La Cienega Heights! Ideal location for this investment property that hasn’t been on the market since 1985. These 6 units are centrally located to Downtown Los Angeles, Hollywood, Beverly Hills, Downtown Culver City, and Santa Monica. Close to major fwys, transportation and employers such as Kaiser Permanente, USC, LAX and Downtown Financial District. Built in 1955, the property sits on a 6,856 sf of land with 7,296 sf of rentable area. Units consist of a 1-two bedrooms 1 bath unit, 1-two bedrooms 2 baths unit, and 4-three bedrooms 2 baths units. 6 parking spaces/carports available. Great investment opportunity for the next owner. Don't Wait!

  • July, 2021

  • Jul 20, 2021

    Date

    Canceled

    CRMLS: DW20253839

    $4,416,000

    Price

  • Jul 16, 2021

    Date

    Active

    CRMLS: DW20253839

    $4,416,000

    Price

  • Jul 13, 2021

    Date

    Hold

    CRMLS: DW20253839

    $4,416,000

    Price

  • Apr 18, 2021

    Date

    Active

    CRMLS: DW20253839

    $4,416,000

    Price

  • Apr 14, 2021

    Date

    Hold

    CRMLS: DW20253839

    $4,416,000

    Price

  • Dec 9, 2020

    Date

    Active

    CRMLS: DW20253839

    $4,416,000

    Price

  • Dec 8, 2020

    Date

    Hold

    CRMLS: DW20253839

    $4,416,000

    Price

  • Dec 8, 2020

    Date

    Active

    CRMLS: DW20253839

    $4,416,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to La Cienega Heights! Ideal location for this investment property that hasn’t been on the market since 1985. These 6 units are centrally located to Downtown Los Angeles, Hollywood, Beverly Hills, Downtown Culver City, and Santa Monica. Close to major fwys, transportation and employers such as Kaiser Permanente, USC, LAX and Downtown Financial District. Built in 1955, the property sits on a 6,856 sf of land with 7,296 sf of rentable area. Units consist of a 1-two bedrooms 1 bath unit, 1-two bedrooms 2 baths unit, and 4-three bedrooms 2 baths units. 6 parking spaces/carports available. Great investment opportunity for the next owner. Don't Wait!

  • April, 2007

  • Apr 2, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 1992

  • Sep 1, 1992

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1964 S Sherbourne Dr

Assessed Value (2020): $568,532
Year Land Value Improved Value Assessed Value
2020 $284,265 $284,267 $568,532

Home Value Compared to the Market

This property vs the competition

1964 S Sherbourne Dr sold on September 16, 2021 for 165.55% 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 $433.11 per/sqft which puts the price per square foot 42.63% lower than the current median sale per square foot for the city of Los Angeles.

About 1964 S Sherbourne Dr

Detailed summary of property

1964 S Sherbourne Dr is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 16 bedrooms, 11 bathrooms, roughly 7,296 living square feet, and sits on an approximately 6,857 square foot lot. 1964 S Sherbourne Dr was first listed on ArdentRealEstateGroup.com on July 23, 2021. The homeowner sold the property for $2,600,000. 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 165.55% higher than the current median priced home. Local homes that are currently for sale include 1118 Hi Point St, 1074 S Genesee Ave and 6626 W 6th St. While the average home in Los Angeles, CA is selling in 92 days, 1964 S Sherbourne Dr has a days on market of 27 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 1964 S Sherbourne Dr Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1964 S Sherbourne Dr

Public county record property details
Beds
--
Baths
--
Year built
1955
Sq. Ft.
7,296
Lot Size
6,856
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
188
APN
4302-025-020

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,899,000
Median List Price/Sq.Ft.
$925
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
42
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

Thinking of Selling?

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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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