2040 S Sherbourne Drive

    Los Angeles (City), CA 90034
    • $3,500,000
    • STATUS: Active
    • ON SITE: 68 days
    • MLS #: 19498340
    UPDATED: 22 min ago
    $3,500,000
    • 15
      BEDS
    • 0.16
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    • 6,981
      SQFT
    • $501
      $/SQFT
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    We are proud to present these 6-units located at 2040 South Sherbourne Drive in Los Angeles, California. The offering is situated on a 7,063 SF lot with a rentable area of 6,981 SF and consists of three- 2 Bed/2 Bath and three- 3 Bed/2 Bath units with 9 parking spots.The offering is well located in the 90034 zip code, proximate to Pico-Robertson, Beverly Hills, Century City and Culver City. In 2018, the earthquake retrofitting work was 100% completed on this property. Furthermore, the property is separately metered for gas and electricity, meaning the tenants will be responsible for those utility bills, ultimately allowing the owner a better return on investment.The Sherbourne Apartments have recently completed the extensive renovations to both the exterior as well as 5 of the 6 units' interiors.

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    Based on information from CARETS as of 2019-10-17T21:49:51.133. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.jelmbergteam.com/homes/97806451

    2040 S Sherbourne Drive Los Angeles (City), CA 90034

    • Price: $3,500,000
    • Status: Active
    • Updated: 22 min ago
    • MLS #: 19498340
    15
    Beds
    12
    Baths
    0
    ½ Baths
    0.16
    Acres
    6,981
    SQFT
    $501
    $/SQFT
    1956
    Built
    Neighborhood:
    Beverlywood Vicinity (C09)
    County:
    Los Angeles
    Area:
    Beverlywood Vicinity (C09)
    Property Description
    We are proud to present these 6-units located at 2040 South Sherbourne Drive in Los Angeles, California. The offering is situated on a 7,063 SF lot with a rentable area of 6,981 SF and consists of three- 2 Bed/2 Bath and three- 3 Bed/2 Bath units with 9 parking spots.The offering is well located in the 90034 zip code, proximate to Pico-Robertson, Beverly Hills, Century City and Culver City. In 2018, the earthquake retrofitting work was 100% completed on this property. Furthermore, the property is separately metered for gas and electricity, meaning the tenants will be responsible for those utility bills, ultimately allowing the owner a better return on investment.The Sherbourne Apartments have recently completed the extensive renovations to both the exterior as well as 5 of the 6 units' interiors.
    Exterior Features

    Parking Spaces Total 8 Parking Type Other

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Unfurnished Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 2.0 Unit Number Of Bath02 2.0 Unit Number Of Bath03 2.0 Unit Number Of Bath04 2.0 Unit Number Of Bath05 2.0 Unit Number Of Bath06 2.0 Unit Number Of Bed01 3 Unit Number Of Bed02 3 Unit Number Of Bed03 2 Unit Number Of Bed04 2 Unit Number Of Bed05 2 Unit Number Of Bed06 3

    Property Features

    Adjusted Gross Income 226980.00 Assessed Improvement Value 1000000.00 Assessed Land Value 1000000.00 Cap Rate 4.54 Country United States Of America Expense Total Annual 67953.00 Gross Operating Income 234000.00 Gross Rent Multiplier 14.96 Hoa YN N Legal Disclosures Other Lot Size Source Vendor Enhanced Net Operating Income 159027.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 3900.00 Unit Monthly Rent02 3900.00 Unit Monthly Rent03 1400.00 Unit Monthly Rent04 3200.00 Unit Monthly Rent05 3200.00 Unit Monthly Rent06 3900.00 Unit Projected Total Monthly Rent01 4100.00 Unit Projected Total Monthly Rent02 4100.00 Unit Projected Total Monthly Rent03 3300.00 Unit Projected Total Monthly Rent04 3300.00 Unit Projected Total Monthly Rent05 3300.00 Unit Projected Total Monthly Rent06 4100.00 Unit Total Monthly Rent01 3900.00 Unit Total Monthly Rent02 3900.00 Unit Total Monthly Rent03 1400.00 Unit Total Monthly Rent04 3200.00 Unit Total Monthly Rent05 3200.00 Unit Total Monthly Rent06 3900.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 6 Zoning Lard1.5

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from CARETS as of 2019-10-17T21:49:51.133. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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