432 S Sherbourne Dr - Apartments FOR SALE


Los Angeles, CA 90048- Beverly Grove
$2,050,000 USD
718-406-3128
432 S Sherbourne Dr, Los Angeles, CA for Sale
$2,050,000 USD
Apartments - FOR SALE
1/25
null | 5.8% Cap Rate

432 S Sherbourne Dr
Los Angeles, CA 90048
Beverly Grove


HIGHLIGHTS

  • Rare 5.80% Cap Rate — Strong immediate cash flow in a highly competitive Beverly Hills–adjacent market.
  • Prime Beverly Grove Location — Central to job centers, dining, shopping, and cultural hotspots.
  • Owner-User Opportunity — Live in one unit while collecting rental income from the others.
  • Vintage Charm with Seismic Retrofit Complete — Classic architecture paired with modern safety and compliance.
  • Tenant-Friendly Amenities — Gated entry, parking, outdoor spaces, and laundry keep occupancy strong.

OVERVIEW

This Beverly Grove 5-unit property presents a rare opportunity with a strong 5.80% in-place cap rate, offering immediate cash flow in one of Los Angeles’ most competitive rental markets. Ideally located just minutes from major job centers, dining, shopping, and cultural institutions, the property benefits from consistent tenant demand in a highly desirable Beverly Hills–adjacent neighborhood. A vacant unit creates an ideal owner-user opportunity, allowing a buyer to occupy a residence while generating income from the remaining apartments. With homeownership costs continuing to price out many Angelenos, rental demand remains strong, supporting long-term stability and growth. The building combines vintage architectural charm with modern upgrades, including a completed seismic retrofit, which eliminates a major expense for new ownership. Additional tenant-friendly amenities such as gated entry, covered parking, balconies or patios in select units, and on-site laundry facilities further enhance desirability, while the owner’s unit features central air and a private yard, a rare offering in this submarket.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$238 USD /SF

# OF UNITS

5

PRICE/UNIT

$410,000

CAP RATE

5.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,490 SF

ZONING

LAR3

APN/PARCEL ID

4334-016-016

ASK ABOUT THIS PROPERTY

Sam LiberowMarcus & MillichapMore Info
718-406-3128

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Sam LiberowMarcus & MillichapMore Info
718-406-3128

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