814 S Sherbourne Drive

    Los Angeles (City), CA 90035
    • $2,995,000
    • STATUS: Active
    • ON SITE: 71 days
    • ID#: 19433618
    UPDATED: 27 min ago
    $2,995,000
    • 9
      BEDS
    • 0.14
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 5,585
      SQFT
    • $536
      $/SQFT
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    WONDERFUL BEVERLY HILLS ADJACENT INCOME PROPERTY. 7 UNIT COMPLEX 100% OCCUPIED WITH UPSIDE POTENTIAL. THE OFFERING REPRESENTS A UNIQUE BUYING OPPORTUNITY TO ACQUIRE AN APARTMENT BUILDING WITH A STRONG VALUE-ADD POTENTIAL, IDEAL FOR SAVVY INVESTORS WHO ARE LOOKING FOR SIGNIFICANT RETURNS. THIS PROPERTY IS LOCATED IN A DESIGNATED AREA WHICH MIGHT QUALIFY FOR HOUSING REFORM TOC PER MTA, (BUYER TO DO THEIR OWN INDEPENDENT INVESTIGATION REGARDING THE PROPERTY AND THE DEVELOPMENT POTENTIAL). THERE IS ALSO THE OPPORTUNITY TO PURCHASE ADJACENT PROPERTY AT 8620 GREGORY WAY WHICH IS A DUPLEX. PLEASE CALL AGENT FOR MORE INFORMATION. BOTH PROPERTIES ARE SOLD FOR LAND VALUE. OPPORTUNITY TO BUILD UP TO 34 UNITS ON BOTH LOTS (BUYER TO VERIFY) THAT ENCOMPASSES AN AREA OF APPROX 11,791 SF. BOTH BUILDINGS ARE CURRENTLY 100% OCCUPIED AND CAN BE SOLD INDIVIDUALLY OR TOGETHER. PER ASSESSOR RECORD 8620 GREGORY WAY IS A 2 UNIT RESIDENTIAL PROPERTY AND 814 S. SHERBOURNE DR IS A 7 UNIT APARTMENT BUILDING.

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    Based on information from CARETS as of 2019-04-25T13:46:12.413. 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.dscvrproperties.com/homes/91761310

    814 S Sherbourne Drive Los Angeles (City), CA 90035

    • Price: $2,995,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: 19433618
    9
    Beds
    8
    Baths
    0
    ½ Baths
    0.14
    Acres
    5,585
    SQFT
    $536
    $/SQFT
    1957
    Built
    Neighborhood:
    Beverly Center-Miracle Mile (C19)
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile (C19)
    Property Description
    WONDERFUL BEVERLY HILLS ADJACENT INCOME PROPERTY. 7 UNIT COMPLEX 100% OCCUPIED WITH UPSIDE POTENTIAL. THE OFFERING REPRESENTS A UNIQUE BUYING OPPORTUNITY TO ACQUIRE AN APARTMENT BUILDING WITH A STRONG VALUE-ADD POTENTIAL, IDEAL FOR SAVVY INVESTORS WHO ARE LOOKING FOR SIGNIFICANT RETURNS. THIS PROPERTY IS LOCATED IN A DESIGNATED AREA WHICH MIGHT QUALIFY FOR HOUSING REFORM TOC PER MTA, (BUYER TO DO THEIR OWN INDEPENDENT INVESTIGATION REGARDING THE PROPERTY AND THE DEVELOPMENT POTENTIAL). THERE IS ALSO THE OPPORTUNITY TO PURCHASE ADJACENT PROPERTY AT 8620 GREGORY WAY WHICH IS A DUPLEX. PLEASE CALL AGENT FOR MORE INFORMATION. BOTH PROPERTIES ARE SOLD FOR LAND VALUE. OPPORTUNITY TO BUILD UP TO 34 UNITS ON BOTH LOTS (BUYER TO VERIFY) THAT ENCOMPASSES AN AREA OF APPROX 11,791 SF. BOTH BUILDINGS ARE CURRENTLY 100% OCCUPIED AND CAN BE SOLD INDIVIDUALLY OR TOGETHER. PER ASSESSOR RECORD 8620 GREGORY WAY IS A 2 UNIT RESIDENTIAL PROPERTY AND 814 S. SHERBOURNE DR IS A 7 UNIT APARTMENT BUILDING.
    Exterior Features

    Parking Spaces Total 6 Parking Type Other

    Interior Features

    Cooling Type Window Unit(S)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 Unfurnished Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bath06 1.0 Unit Number Of Bath07 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 2 Unit Number Of Bed04 1 Unit Number Of Bed05 1 Unit Number Of Bed06 1 Unit Number Of Bed07 2

    Property Features

    Actual Annual Gross Rent 128469.84 Adjusted Gross Income 129457.00 Assessed Improvement Value 580380.00 Assessed Land Value 1530000.00 Country United States Of America Expense Total Annual 38837.00 Gross Operating Income 129457.00 Gross Rent Multiplier 23.14 Hoa YN N Legal Disclosures Take Property As IsListing Broker Advantage Lot Size Source Vendor Enhanced Net Operating Income 90620.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 1859.61 Unit Monthly Rent02 1466.78 Unit Monthly Rent03 2462.25 Unit Monthly Rent04 925.07 Unit Monthly Rent05 1904.95 Unit Monthly Rent06 910.77 Unit Monthly Rent07 1176.39 Unit Projected Total Monthly Rent01 2200.00 Unit Projected Total Monthly Rent02 2200.00 Unit Projected Total Monthly Rent03 2500.00 Unit Projected Total Monthly Rent04 2200.00 Unit Projected Total Monthly Rent05 2200.00 Unit Projected Total Monthly Rent06 2200.00 Unit Projected Total Monthly Rent07 2500.00 Unit Total Monthly Rent01 1859.61 Unit Total Monthly Rent02 1466.78 Unit Total Monthly Rent03 2462.25 Unit Total Monthly Rent04 925.07 Unit Total Monthly Rent05 1904.95 Unit Total Monthly Rent06 910.77 Unit Total Monthly Rent07 1176.39 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 7 Zoning Lar3

    Listing provided courtesy of Shiva Mehrdad DRE#01279649 of Power Brokers International.


    Based on information from CARETS as of 2019-04-25T13:46:12.413. 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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