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931 S Sherbourne Drive $1,550,000

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    931 S Sherbourne Drive Los Angeles, CA 90035

    • 5 Beds
    • 3 Baths
    • 3,080 sq. ft.
    • Multi-Family
    • MLS# SB24028361
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    Views: 1 Days On Market: 20

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    Property Details

    Great three unit investment opportunity located in the Pico Robertson area, Beverly Hills adjacent, and great walk score of 93. Two tenants in place and opportunity to live in the upper 2 bed/1 bath unit and collect rents on the lower two units. All units are separately metered for gas & electricity and no known upgrades (to any systems) have been done to the property. Subject to the City of Los Angeles Rent Control ordinance. Seller(s) has never lived on the property and makes no representations or warranties as to the condition, use, or history of the property. Property is being sold in its AS IS, WHERE IS CONDITION and Seller will not be responsible for any repairs, inspection reports, termite work, and/or any mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations. Seller is MOTIVATED so don't miss out!

    • General Features
      • Association Fee 0.00
      • Buyer Compensation 2.500 %
      • Community Features Sidewalks, Urban
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Number Of Separate Electric Meters 3
      • Number Of Separate Gas Meters 3
      • Number Of Separate Water Meters 1
      • Number Of Units Leased 2
      • Number Of Units Total 3
      • YearBuilt 1939
    • Building Features
      • Appliances Dishwasher,Disposal,Gas Oven,Gas Range,Gas Water Heater,Microwave,Range Hood,Refrigerator,Water Heater
      • Cooling Wall/Window Unit(s)
      • Entry Location 1
      • Fireplace Features None
      • Flooring Carpet,Wood
      • Heating Wall Furnace
      • Interior Features 2 Staircases,Ceiling Fan(s),Storage
      • Laundry Features Dryer Included,Gas Dryer Hookup,Individual Room,Inside,Washer Hookup,Washer Included
      • Levels Two
    • Property Features
      • Lot Size Acres 0.11
      • Lot Features 6-10 Units/Acre
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 3.00

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    Neighborhood

    90035 (Los Angeles) Demographics

    38 Median Age
    13,537 Population Density (per sq. mile)
    68% College Educated
    $99,367 Estimated Median Income
    4,019 Estimated Total Home Owners
    8,030 Estimated Total Renters
    33% / 67% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    27,725 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,405,000 Median Sales Price
    13 Homes Sold
    38 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,550,000
        2/28/2024 12:47:21 AM Price Reduced Source: Multiple Listing Service New Value: $1,550,000 -6.63%
        2/19/2024 4:47:03 PM Price Reduced Source: Multiple Listing Service New Value: $1,660,000 -5.68%
        2/8/2024 11:38:00 PM New in Database Source: Multiple Listing Service New Value: $1,760,000

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        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 7.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 2/28/2024 8:05:11 AM PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.