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

$4,850,000 Sold Price as of 05/24/2024
  • 19 Beds
  • 18 Baths
  • 11,558 Sq.Ft.
Sold
$4,850,000 Sold Price as of 05/24/2024 Refinance Your Mortgage
Map preview of 835 S Sherbourne Dr, Los Angeles, CA 90035

Property Overview: 835 S Sherbourne Dr Los Angeles, CA has 19 bedrooms, 18 bathrooms, 11,558 living square feet and 12,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Probate Sale, Court Confirmation MAY be required. 13-Unit residential property, for sale AFTER 51 years! Great unit mix 8 X 1 Bed, 4 X 2 Bed and large 1 X 3 Bed. 9 of 13 Units are currently vacant and will be delivered vacant at COE. Soft Story Retrofit has NOT been done. All units are separately metered for gas & electricity. No known upgrades (to any systems) done to the property. Seller is a Court-appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current 4 tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations. Seller is MOTIVATED and wants to see ALL offers. Only the vacant units will be shown during the open houses.

Listed by Vineendra Jain | BRE #01413466 | Ingenious Asset Group, Inc.
Last checked: 11 minutes ago | Last updated: May 31st, 2024 | Source CRMLS | DOM: 177

Home details

Lot Sq. Ft
12,000
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23301673
City
Los Angeles
County
Los Angeles
Time on Site
380 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,009
  • Total Rent: $12,034
  • Pro Forma/Market Rent: $14,000
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,916
  • Total Rent: $15,330
  • Pro Forma/Market Rent: $17,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,500
  • Total Rent: $4,500
  • Pro Forma/Market Rent: $4,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.29%
  • Gross Rent Multiplier: 14.35
  • Gross Scheduled Income: --
  • Net Operating Income: $235,869
  • Gross Operating Income: $364,164
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 835 S Sherbourne Dr

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile, Carpet, Wood
  • Living Room
Kitchen Information
  • Has Appliances
  • Microwave, Gas Range, Oven
Interior Features
  • Ceiling Fan(s), Living Room Balcony, Recessed Lighting
  • Levels: Three Or More
  • Window Features: French/Mullioned
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Shingle
  • Rain Gutters
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 17
  • Has Parking
  • Parking Features: Covered, Tandem Garage
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
Property Information
  • Has View
  • Common Walls: No Common Walls
  • Total # of Units: 13
  • Parcel Number: 4333020030
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of W Olympic Blvd., East of Doheny Dr., West of La Cienega Blvd, and South of Wilshire Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 835 S Sherbourne Dr

Last sold for $4,850,000 on May 24th, 2024

  • May, 2024

  • May 24, 2024

    Date

    Sold

    CRMLS: 23301673

    $4,850,000

    Price

  • Sep 5, 2023

    Date

    Active

    CRMLS: 23301673

    $5,500,000

    Price

  • February, 2024

  • Feb 15, 2024

    Date

    Canceled

    CRMLS: SR23219805

    $5,500,000

    Price

  • Dec 1, 2023

    Date

    Active

    CRMLS: SR23219805

    $5,500,000

    Price

  • Listing provided courtesy of CRMLS

    Probate Sale, Court Confirmation MAY be required. 13-Unit residential property, for sale AFTER 51 years! Great unit mix 8 X 1 Bed, 4 X 2 Bed and large 1 X 3 Bed. Soft Story Retrofit has NOT been done. All units are separately metered for gas & electricity. No known upgrades (to any systems) done to the property. Seller is MOTIVATED and wants to see ALL Offers. Seller is a Court-appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current 4 tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.

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Tax History for 835 S Sherbourne Dr

Assessed Value (2020): $507,389
Year Land Value Improved Value Assessed Value
2020 $239,853 $267,536 $507,389

Home Value Compared to the Market

This property vs the competition

835 S Sherbourne Dr sold on May 24, 2024 for 391.07% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $475.86 per/sqft which puts the price per square foot 34.27% lower than the current median sale per square foot for the city of Los Angeles.

About 835 S Sherbourne Dr

Detailed summary of property

835 S Sherbourne Dr is a multi family that recently sold in Los Angeles, CA 90035. This multi family property offered 19 bedrooms, 18 bathrooms, roughly 11,558 living square feet, and sits on an approximately 12,000 square foot lot. 835 S Sherbourne Dr was first listed on ArdentRealEstateGroup.com on September 5, 2023. The homeowner sold the property for $4,850,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 391.07% higher than the current median priced home. Local homes that are currently for sale include 7056 Lanewood Ave, 3438 Potomac Ave and 2340 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 106 days, 835 S Sherbourne Dr has a days on market of 177 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 835 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 835 S Sherbourne Dr

Public county record property details
Beds
19
Baths
18
Year built
1957
Sq. Ft.
11,558
Lot Size
11,999
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
66,67
APN
4333-020-030

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
$1,375,000
Median List Price/Sq.Ft.
$785
Median Sold Price
$1,699,500
Median Sold Price/Sq.Ft.
$747
Total Inventory
56
Median Sale to List Price %
97.17%
Avg Days on Market
30
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (0%), Other (8.33%)

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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