1020 South Sherbourne Drive
1020 South Sherbourne Drive
$7,200,000
42
36
22,913
22,913
$314
Sold 9/8/21
Description
1020 s. Sherbourne Drive is a multifamily asset ideally located in the coveted Westside enclave of Beverlywood. Owned and operated by the Seller for over 40 years, the property offers a dynamite unit mix consisting of large 1, 2 and 3 bedroom units, all offering significant rental upside. Built in 1964, the property features a large lobby opening to a beautiful central courtyard with a sparkling pool. There is on-site parking for 27 cars and an on-site laundry facility. The unit mix includes (6)...1020 s. Sherbourne Drive is a multifamily asset ideally located in the coveted Westside enclave of Beverlywood. Owned and operated by the Seller for over 40 years, the property offers a dynamite unit mix consisting of large 1, 2 and 3 bedroom units, all offering significant rental upside. Built in 1964, the property features a large lobby opening to a beautiful central courtyard with a sparkling pool. There is on-site parking for 27 cars and an on-site laundry facility. The unit mix includes (6) 1-bed, 1-bath units, (9) 2-bed, 2-bath units, and (6) 3-bed, 2-bath units. There are also 3 vacant units (a three bedroom and 2 one bedroom), which allow a buyer to immediately renovate and capture a higher rent. Overall, current rents hover significantly below market providing the astute investor with a long-term blueprint to add value and increase income. With a Walkscore of 90, 1020 S. Sherbourne is truly a walkers paradise.
- Listed by Jonathan Taksa • DRE #01366169 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty
Property Details for 1020 South Sherbourne Drive
Zoning
LAR3
Parcel Number4332024030
Total Units21.0
Living Area22913
Source Living AreaVendor Enhanced
AreaBeverly Center-Miracle Mile (C19)
Vacancy Rate3%
Lot Size Area16862
Location
LISTING UPDATED: 09/08/2021 01:09 PM
Property Details for 1020 South Sherbourne Drive
Status | Sold |
---|---|
MLS # | 21-715682 |
Days on Market | 30 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.39 AC / 16,862 SF |
County | Los Angeles County |
Location
Building Information for 1020 South Sherbourne Drive
Stories3Residences-Year Built1964Building Size-Lot Size0.39 AC / 16,862 SF
Payment Calculator
$46,908 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1020 South Sherbourne Drive
Property History for 1020 South Sherbourne Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1020 South Sherbourne Drive
Taxable ValueLand$4,717,500Additions$2,626,500Total$7,344,000
Tax Record2023$91,375 ($7,615 / month)
Home Facts
Total Finished SqFt22,913 SqFtAbove Grade Finished SqFt22,913 SqFtLot Size16,862 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR3CountyLOS ANGELESAPN4332-024-030
Schools near 1020 South Sherbourne Drive
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Carthay Center Elementary PublicK to 5 | ||
Emerson Community Charter School Charter6 to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
Los Angeles Center For Enriched Studies Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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