1960 S Sherbourne Dr — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90034

Photos

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Investment Figures

Cap rate
5.49%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

1960 S. Sherbourne presents an exceptional opportunity to acquire a beautifully remodeled, 100% occupied multifamily property in the highly desirable Crestview neighborhood of Los Angeles. Offered at $2,995,000, the property combines an attractive income stream, extensive interior improvements, modern tenant amenities, and a desirable location near Beverlywood and Culver City. The property features an excellent unit mix consisting of five large two-bedroom, two-bathroom residences and one expansive four-bedroom, two-and-one-half-bathroom residence. All six units have been beautifully remodeled, offering updated interiors and an attractive residential environment designed to appeal to today's renters. A standout feature is electric vehicle charging at every unit, providing a modern convenience that distinguishes the property from many competing rental offerings. Five of the six residences also feature in-unit washers and dryers and central air conditioning, while one residence offers the added appeal of a private yard. With all units occupied and interiors extensively upgraded, the property offers investors an opportunity to acquire an established income-producing asset with modern amenities and potential for future income optimization, subject to existing leases, applicable rent regulations, and market conditions. Investment Highlights: • All six residences are occupied, providing an established rental income stream. • Five large two-bedroom, two-bathroom residences and one oversized fourbedroom, two-and-one-half-bathroom residence. • Five units feature in-unit washers and dryers and central air conditioning. • The provided financial summary indicates approximately $164,439 in annual net operating income. • An established residential neighborhood with convenient access to Beverlywood, Culver City, and surrounding Westside destinations.

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

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  • What is the asking price?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?

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