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835 S Sherbourne Drive

Los Angeles (City), CA 90035
  • $5,500,000
  • STATUS: Active Under Contract
  • ON SITE: 227 Days
  • ID#: 23301673
Under Contract
$5,500,000
  • 19
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,558
    SQFT
  • $476
    $/SQFT
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Listing Agent(s): Vineendra Jain of Ingenious Asset Group, Inc. (310-331-8552)


Description

Probate Sale, Court Confirmation MAY be required. 13-Unit residential property, for sale AFTER 51 years! Great unit mix 8 X 1 Bed, 4 X 2 Bed and large 1 X 3 Bed. 9 of 13 Units are currently vacant and will be delivered vacant at COE. Soft Story Retrofit has NOT been done. All units are separately metered for gas & electricity. No known upgrades (to any systems) done to the property. Seller is a Court-appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current 4 tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations. Seller is MOTIVATED and wants to see ALL offers. Only the vacant units will be shown during the open houses.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-19T18:28:35.703. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
www.bestorangecountyhomesearch.com/homes/143107502
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835 S Sherbourne Drive Los Angeles (City), CA 90035

  • Price: $5,500,000
  • Status: Active Under Contract
  • On Site: 227 Days
  • ID#: 23301673
19
Beds
0
Baths
0
½ Baths
0.28
Acres
11,558
SQFT
$476
$/SQFT
1957
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
Probate Sale, Court Confirmation MAY be required. 13-Unit residential property, for sale AFTER 51 years! Great unit mix 8 X 1 Bed, 4 X 2 Bed and large 1 X 3 Bed. 9 of 13 Units are currently vacant and will be delivered vacant at COE. Soft Story Retrofit has NOT been done. All units are separately metered for gas & electricity. No known upgrades (to any systems) done to the property. Seller is a Court-appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current 4 tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations. Seller is MOTIVATED and wants to see ALL offers. Only the vacant units will be shown during the open houses.
Exterior Features

Architectural Style Traditional Attached Garage YN Yes Construction Materials ConcreteStuccoWood Siding Direction Faces East Exterior Features Rain Gutters Lot Features Landscaped Parking Features CoveredGarageTandem Parking Total 17 Pool Features None Pool Private YN No Roof Shingle Spa Features None Spa YN No View YN Yes

Interior Features

Appliances Gas RangeMicrowaveOvenDryerWasher Common Walls No Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetTileWood Heating Wall Furnace Heating YN Yes Interior Features BalconyCeiling Fan(s)Recessed Lighting Window Features French/Mullioned

Property Features

Association YN No Buyer Financing Cash Cap Rate 4.29 Disclosures Rent Control Exclusions Sale of property does not include any personal property belonging to the tenants. Garage YN Yes Gross Income 383331 Laundry Features Inside Levels Three Or More Listing Agreement Probate Listing Service Full Service Listing Terms Cash Net Operating Income 235869 New Construction YN No Possession Close Of Escrow Property Condition Repairs Cosmetic Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Other Special Listing Conditions Probate Listing Vacancy Allowance Rate 9 Water Source Public Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-19T18:28:35.703. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
 
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Doherty Real Estate Group | eXp Realty of California, Inc.
26381 Crown Valley Pkwy
Mission Viejo CA, 92691
Listing Agent(s): Vineendra Jain of Ingenious Asset Group, Inc. (310-331-8552)