1114 S Sherbourne Dr - Apartments FOR SALE


Los Angeles, CA 90035- Pico-Robertson
$2,398,000 USD
310-482-0173
1114 S Sherbourne Dr, Los Angeles, CA for Sale
$2,398,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1114 S Sherbourne Dr
Los Angeles, CA 90035
Pico-Robertson


OVERVIEW

Located in a prime central Los Angeles rental corridor, this attractive 7-unit multifamily property presents a compelling investment opportunity in the highly desirable Pico-Robertson / Beverly Grove adjacent area. Positioned just south of Olympic Boulevard, the asset benefits from consistent tenant demand, excellent accessibility, and strong long-term growth potential in one of LA's most established multifamily markets. The property has seen several recent upgrades, including renovations to 4 of the 7 unit interiors, fresh exterior paint in 2024 as well as the installation of a new roof in 2024, helping reduce immediate capital expenditure needs for a future owner. Spacious unit layouts and a favorable unit mix continue to attract a wide range of tenants looking to live near major employment hubs and lifestyle destinations including Beverly Hills, Century City, Culver City, and West Hollywood. Residents enjoy convenient access to popular restaurants, neighborhood cafes, grocery stores, houses of worship, and everyday essentials, while nearby Olympic, Pico, and Robertson Boulevards provide easy connectivity throughout the Westside and greater Los Angeles area. With strong rental fundamentals, low vacancy trends, and limited nearby multifamily development, this property offers investors the opportunity to own a stable asset in a highly sought-after rental pocket with continued upside and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$2,398,000 USD

PRICE/SF

$382 USD /SF

# OF UNITS

7

PRICE/UNIT

$342,571

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,399 SF

ZONING

LAR3

APN/PARCEL ID

4332-023-003

ASK ABOUT THIS PROPERTY

Richard SchulmanKW AdvisorsMore Info
310-482-0173

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Richard SchulmanKW AdvisorsMore Info
310-482-0173

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.