814 S SHERBOURNE DRIVE, LOS ANGELES CA 90035

  • 5,585 sq.ft.
  • 6,000 sq.ft. lot
offered at $2,995,000
MLS#:19433618
Status: Active // Property Type:
County: Los Angeles // Year Built: 1957

Property Description

WONDERFUL BEVERLY HILLS ADJACENT INCOME PROPERTY. 7 UNIT COMPLEX 100% OCCUPIED WITH UPSIDE POTENTIAL. THE OFFERING REPRESENTS A UNIQUE BUYING OPPORTUNITY TO ACQUIRE AN APARTMENT BUILDING WITH A STRONG VALUE-ADD POTENTIAL, IDEAL FOR SAVVY INVESTORS WHO ARE LOOKING FOR SIGNIFICANT RETURNS. THIS PROPERTY IS LOCATED IN A DESIGNATED AREA WHICH MIGHT QUALIFY FOR HOUSING REFORM TOC PER MTA, (BUYER TO DO THEIR OWN INDEPENDENT INVESTIGATION REGARDING THE PROPERTY AND THE DEVELOPMENT POTENTIAL). THERE IS ALSO THE OPPORTUNITY TO PURCHASE ADJACENT PROPERTY AT 8620 GREGORY WAY WHICH IS A DUPLEX. PLEASE CALL AGENT FOR MORE INFORMATION. BOTH PROPERTIES ARE SOLD FOR LAND VALUE. OPPORTUNITY TO BUILD UP TO 34 UNITS ON BOTH LOTS (BUYER TO VERIFY) THAT ENCOMPASSES AN AREA OF APPROX 11,791 SF. BOTH BUILDINGS ARE CURRENTLY 100% OCCUPIED AND CAN BE SOLD INDIVIDUALLY OR TOGETHER. PER ASSESSOR RECORD 8620 GREGORY WAY IS A 2 UNIT RESIDENTIAL PROPERTY AND 814 S. SHERBOURNE DR IS A 7 UNIT APARTMENT BUILDING.

Listing Courtesy of Shiva Mehrdad, Power Brokers International

FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of April 26, 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.