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931 S Sherbourne Drive

Los Angeles (City), CA 90035
  • $1,550,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: SB24028361
Price Reduced
UPDATED: 64 min ago
$1,550,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1939
County:

School Ratings & Info

Listing Agent(s): Michael Rossi of Strand Hill Properties (310-545-0707)


Description

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!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T10:33:26.237. 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 Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
www.briannasellshomes.com/homes/147420365
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931 S Sherbourne Drive Los Angeles (City), CA 90035

  • Price: $1,550,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 64 min ago
  • ID#: SB24028361
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1939
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
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!
Exterior Features

Carport YN Yes Entry Level 1 Entry Location 1 Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 3 Parking Features CarportDetached Carport Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances DishwasherDisposalGas OvenGas RangeGas Water HeaterMicrowaveRefrigeratorRange HoodWater HeaterDryerWasher Common Walls 1 Common Wall Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetWood Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(s)Multiple StaircasesStorage

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street LightsSidewalksUrban Current Financing None Electric Standard Garage YN Yes Gross Income 75960 Gross Scheduled Income 75960 Insurance Expense 3000 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInsideLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 50640 New Construction YN No New Taxes Expense 21120 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 25320 Possession Close Of Escrow Property Sub Type Triplex Rent Control YN Yes Security Features Security GateSmoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGasTelephone Trash Expense 600 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Sewer Expense 600 Water Source Public Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T10:33:26.237. 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 Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
 
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Brianna Miller | Synergy Real Estate
140 N. Harvard Avenue #341
Claremont CA, 91711
Listing Agent(s): Michael Rossi of Strand Hill Properties (310-545-0707)