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1942 S Sherbourne Drive

Los Angeles (City), CA 90034
  • $2,500,000
  • STATUS: Active
  • ON SITE: 59 Days
  • ID#: SB26002904
UPDATED: 70 min ago
$2,500,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Listing Agent(s): Dillon Perera of Meldia Investment Realty of America (562-901-0741)


Description

Prime Mid-City Value-Add Opportunity! Nestled in one of LA’s most desirable rental corridors, this well-maintained 6-unit apartment building at 1942 S Sherbourne Drive offers a rare chance to secure stable income with upside. The gated property features upgraded, spacious units—each with in-unit laundry—and assigned on-site parking. Tenants enjoy easy access to the 10 Freeway, Culver City, Downtown, and the La Cienega/Jefferson Metro station. With strong current income, separately metered gas/electric, and low operating expenses, this property is ideal for investors seeking long-term appreciation, solid cash flow, and potential rent growth in a high-demand submarket.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-07T15:30:11.567. 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 Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/171768576
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1942 S Sherbourne Drive Los Angeles (City), CA 90034

  • Price: $2,500,000
  • Status: Active
  • On Site: 59 Days
  • Updated: 70 min ago
  • ID#: SB26002904
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1956
Built
Neighborhood:
C09 - Beverlywood Vicinity
County:
Los Angeles
Area:
C09 - Beverlywood Vicinity
Property Description
Prime Mid-City Value-Add Opportunity! Nestled in one of LA’s most desirable rental corridors, this well-maintained 6-unit apartment building at 1942 S Sherbourne Drive offers a rare chance to secure stable income with upside. The gated property features upgraded, spacious units—each with in-unit laundry—and assigned on-site parking. Tenants enjoy easy access to the 10 Freeway, Culver City, Downtown, and the La Cienega/Jefferson Metro station. With strong current income, separately metered gas/electric, and low operating expenses, this property is ideal for investors seeking long-term appreciation, solid cash flow, and potential rent growth in a high-demand submarket.
Exterior Features

Entry Level 1 Entry Location Front and Back Gate Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 6 Parking Features AssignedDrivewayUncovered Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances DryerWasher Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features Sidewalks Fuel Expense 125 Garage YN No Gross Income 169012 Gross Scheduled Income 169012 Insurance Expense 3800 Land Lease YN No Laundry Features Common AreaInsideStacked Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanCash to New LoanConventional1031 Exchange Maintenance Expense 10000 Net Operating Income 111341 New Construction YN No New Taxes Expense 19681 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 57671 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasParking Fee Trash Expense 5200 Water Sewer Expense 2500 Water Source Public Zoning LARD2



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-07T15:30:11.567. 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 Realty ONE Group Empire. Licensed in the State of California, USA.
 
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Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344
Listing Agent(s): Dillon Perera of Meldia Investment Realty of America (562-901-0741)