Los Angeles, CA 90034 1942 S Sherbourne Drive
$2,500,000
2 more
Presented By: Dillon Perera with Meldia Investment Realty of America; 310-848-3746
- MLS# SB25142112
- 06/24/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 12
Baths • 1
SQFT • 6,300
Home Details
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.
Presented By: Dillon Perera with Meldia Investment Realty of America; 310-848-3746
Interior Features for 1942 S Sherbourne Drive
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea, Inside, Stacked
Total Stories2
Other Rooms
Entry Level1
General for 1942 S Sherbourne Drive
Additional Parcels Y/NNo
AppliancesDryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
CountyLos Angeles
DirectionsEast of Robertson Blvd, North of Cadillac Ave, South of Sawyer
Entry LocationFront and Back Gate
Fuel Expense125.0
Garage Spaces0.0
Garage Y/NNo
Gross Income169012.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense3800.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet6861.0
Lot Size UnitsSquareFeet
MLS AreaC09 - Beverlywood Vicinity
Maintenance Expense10000.0
MobileHomeRemainsYNNo
Net Operating Income111341.0
New ConstructionNo
Number Of Units Total6
Operating Expense57671.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot183
Taxes$19,681
Tenant PaysElectricity, Gas, ParkingFee
Trash Expense5200.0
Water Sewer Expense2500.0
Year Built1956
Year Built SourceAppraiser
ZoningLARD2
Exterior for 1942 S Sherbourne Drive
Building Area Total6300.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.1575
Lot Size Area6861.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Parking FeaturesAssigned, Driveway, Uncovered
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate