1616 South Sherbourne Drive

Los Angeles, CA 90035

$2,300,000
Last Sold Price
6
Beds
4
Baths
3,824 Sq. Ft.
$601 / Sq. Ft.
3,824
Sq. Ft.
$601
per Sq. Ft.

Description

To be delivered 100% vacant! This exquisite duplex located in the highly sought-after Pico-Robertson neighborhood! This stunning property offers two expansive 3-bedroom, 2-bathroom units and will be delivered vacant, providing endless possibilities for its fortunate new owner. Combining the charm of 1920's Spanish-style architecture with modern renovations, this remarkable property is truly exceptional. Among its numerous upgrades are solar panels, upgraded electrical systems, tankless water heaters,...To be delivered 100% vacant! This exquisite duplex located in the highly sought-after Pico-Robertson neighborhood! This stunning property offers two expansive 3-bedroom, 2-bathroom units and will be delivered vacant, providing endless possibilities for its fortunate new owner. Combining the charm of 1920's Spanish-style architecture with modern renovations, this remarkable property is truly exceptional. Among its numerous upgrades are solar panels, upgraded electrical systems, tankless water heaters, copper plumbing, and central AC downstairs, with mini split AC upstairs. The exterior of the property boasts a spacious backyard, which includes a unique featurean impressive pizza oven. Imagine the joy of indulging in freshly baked pizzas and entertaining guests in this inviting outdoor space. Additionally, each unit is equipped with its own in-unit washer and dryer, offering added convenience and luxury. The expansive lot of 6,500 square feet perfectly complements the building's 3,824 square feet, providing ample space and endless potential. The backyard also includes a separate building that holds immense promise. This structure can easily be transformed into an Accessory Dwelling Unit (ADU) (Buyer to Verify), offering the opportunity for additional rental income or a flexible space for various purposes, such as a home office, gym, or guest quarters. Whether you're an investor seeking a lucrative income property, a multi-generational family in need of separate living quarters, or an owner-occupant desiring to rent out the other unit, this property caters to diverse needs. Situated in the desirable Pico-Robertson neighborhood, you'll enjoy convenient access to a wide array of amenities, including restaurants, shops, parks, and entertainment options. This prime location offers a desirable blend of convenience and tranquility, making it one of Los Angeles' most coveted places to call home. Don't miss out on the chance to own this extraordinary duplex, featuring spacious living areas, modern upgrades, ADU potential, a delightful backyard pizza oven, and in-unit washer/dryers in each unit. Embrace this opportunity to create your dream home or investment property in one of the most sought-after neighborhoods in Los Angeles
  1. Listed by Chase Simonton • DRE #01766871 • Brokerage DRE #00590104 • RE/MAX One
  2. Listed by Robert Carlile • DRE #02066811 • Brokerage DRE #00590104 • RE/MAX One

Property Details for 1616 South Sherbourne Drive

Zoning
LAR2
Style
Spanish
Parcel Number
4303013057
Total Units
2.0
Living Area
3824
Source Living Area
Title Company
Area
Beverlywood Vicinity (C09)
Vacancy Rate
100%

Location

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871; RE/MAX One, Robert Carlile, DRE #02066811

Sold By Power Brokers, Marc 'Meir' Nemetsky, DRE #01946024

Add your commute
LISTING UPDATED: 08/29/2023 05:10 PM

Property Details for 1616 South Sherbourne Drive

StatusSold
MLS #23-278183
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.15 AC / 6,500 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871; RE/MAX One, Robert Carlile, DRE #02066811

Sold By Power Brokers, Marc 'Meir' Nemetsky, DRE #01946024

Add your commute

Building Information for 1616 South Sherbourne Drive

Stories2Residences-Year Built1929Building Size-Lot Size0.15 AC / 6,500 SF

Payment Calculator

$13,421 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,552

Property Taxes

$869

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1616 South Sherbourne Drive

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 3+2
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $150,000
  • Net Operating Income: $99,862.00
  • Gross Income: $150,000
  • Cap Rate: 4.54%
  • Gross Rent Multiplier: $15.33
  • Total Annual Expense: 45638
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1492
  • Lot Size Square Feet: 6500
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 2
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central, Air Conditioning
  • Heating Type: Wall Gas
  • Equipment: Stackable W/D Hookup, Solar Panels, Washer, Dryer
  • Common Walls: Detached/No Common Walls
  • Laundry: Washer Included, Dryer Included, Stackable
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony, Energy Efficient
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 06-07-2023
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $6,250.00
  • Unit Actual Rent: $6,250.00
  • Unit Projected Rent: $6,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $6,250.00
  • Unit Actual Rent: $6,250.00
  • Unit Projected Rent: $6,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $393,613.00
  • Assessed Improvement Percent: 47.51
  • Assessed Land Value: $434,885.00
  • Assessed Land Percent: 52.49
  • Assessed Total Value: $828,498.00

Property History for 1616 South Sherbourne Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1616 South Sherbourne Drive

Taxable ValueLand$443,582Additions$401,485Total$845,067
Tax Record2023$10,432 ($869 / month)
Home Facts
Total Finished SqFt3,824 SqFtAbove Grade Finished SqFt3,824 SqFtLot Size6,500 SqFtStyleDuplexYear Built1929ZoningLAR2CountyLOS ANGELESAPN4303-013-057

Schools near 1616 South Sherbourne Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Daniel Webster Middle School
Public6 to 8

Alexander Hamilton 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.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871; RE/MAX One, Robert Carlile, DRE #02066811

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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 CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, 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.