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Image 1 - 1108 S Sherbourne Dr, Los Angeles, California, 90035 - House for sale
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S Sherbourne Dr, Los Angeles, Home For Sale
1108 S Sherbourne Dr, Los Angeles, California, 90035

S Sherbourne Dr, Los Angeles, Home For Sale

house for sale
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Listed: 07/25/24

1108 S Sherbourne Dr, Los Angeles, California, 90035

Studio Bed:
6,310 Sq Ft Living Area:
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Price
$ 2,6M

About This House

1108 S Sherbourne Dr is located in the highly coveted PicoRobertson submarket. This premier Los Angeles neighborhood attracts highendrenters with a consistently low vacancy rate and steady rent growth.The property consists of seven units, including four one-bedrooms and threetwo-bedrooms, all with parking. The soft story retrofit has been completed.This is a true value-add opportunity, with most rents below market levels. Theproperty is offered at$371, 429per unit and$412 PSF,with over 27% rentalupside. The property has been well maintained throughout the years, fourunits have been renovated with new kitchen countertops, backsplash, andstainless-steel sinks; mini split AC units have been installed in most of theapartments; value can be added with further interior renovations thatcould enhance rents including recessed lighting, updated bathrooms, new appliances, …  Full description

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South Carthay Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.