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    320 S Sherbourne Dr

    Los Angeles, CA 90048
    • $3,195,000
    • STATUS: Active
    • ON SITE: 31 days
    • MLS #: 21-777502
    UPDATED: 68 min ago
    $3,195,000
    • 8
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,396
      SQFT
    • $592
      $/SQFT
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    We are very pleased to exclusively offer for sale for the first time in more than 50 years, eight well-maintained units in the absolute best part of Beverly Grove. Boasting a 93 Walkscore, 320 S. Sherbourne Drive presents the extremely rare opportunity to purchase units in the highly desirable Burton Way Triangle, perfectly positioned between Robertson and La Cienega, 3rd Street and Burton Way. 320 S. Sherbourne boasts 8 large one-bedroom units, steps to Cedars Sinai, The Beverly Center and Beverly Connection, as well around the corner from all the shops on restaurants on both 3rd and Robertson, including The Ivy, Kitson, James Perse, Chanel, The Henry and so much more. The soft story retrofit has been fully completed. Market rents for remodeled units in this area are $3,000+ depending on finishes and furnishings, making 320 S. Sherbourne Drive an excellent value add opportunity for a saavy investor who understands truly how valuable this location is. Current annual income totals over $165,000, Proforma Gross of over $270,000+ per year. Multi-family offerings in this location rarely come available, so this one won't last!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-28T07:42:22.803. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.haciendagroupinc.com/homes/120884078
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    320 S Sherbourne Dr Los Angeles, CA 90048

    • Price: $3,195,000
    • Status: Active
    • Updated: 68 min ago
    • MLS #: 21-777502
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    5,396
    SQFT
    $592
    $/SQFT
    1958
    Built
    Neighborhood:
    Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile
    Property Description
    We are very pleased to exclusively offer for sale for the first time in more than 50 years, eight well-maintained units in the absolute best part of Beverly Grove. Boasting a 93 Walkscore, 320 S. Sherbourne Drive presents the extremely rare opportunity to purchase units in the highly desirable Burton Way Triangle, perfectly positioned between Robertson and La Cienega, 3rd Street and Burton Way. 320 S. Sherbourne boasts 8 large one-bedroom units, steps to Cedars Sinai, The Beverly Center and Beverly Connection, as well around the corner from all the shops on restaurants on both 3rd and Robertson, including The Ivy, Kitson, James Perse, Chanel, The Henry and so much more. The soft story retrofit has been fully completed. Market rents for remodeled units in this area are $3,000+ depending on finishes and furnishings, making 320 S. Sherbourne Drive an excellent value add opportunity for a saavy investor who understands truly how valuable this location is. Current annual income totals over $165,000, Proforma Gross of over $270,000+ per year. Multi-family offerings in this location rarely come available, so this one won't last!
    Exterior Features

    Direction Faces West Levels Two Lot Size Area 5203 Other Structures None Parking Garage CarportControlled EntranceDoor Opener Total Parking 0

    Interior Features

    Baths Total 8.00 Cooling Wall Unit(S) Equipment Garbage DisposalDishwasherRange/OvenRefrigerator Heating Central Laundry Community

    Property Features

    Gross Income 165048 Gross Operating Income 160097 Like Units1 8 Net Operating Income 104583.00 Number Of Buildings 1 Number Of Units 8 Owner Pays GardenerWater Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGas Total Annual Expense 55514 Type Of Units Multifamily Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Dana Brody DRE#01429001 of Dana Brody.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-28T07:42:22.803. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253