Properties
Los Angeles, CA 90034 1942 S Sherbourne Drive
$2,500,000
2 more
Presented By: Dillon Perera with Meldia Investment Realty of America; 818-854-2470
Baths • 1
SQFT • 6,300
Home Details
Prime Mid-City Value-Add Opportunity! Nestled in one of LA’s most desirable rental corridors, this well-maintained 6-unit apartment building at 1942 S Sherbourne Drive offers a rare chance to secure stable income with upside. The gated property features upgraded, spacious units—each with in-unit laundry—and assigned on-site parking. Tenants enjoy easy access to the 10 Freeway, Culver City, Downtown, and the La Cienega/Jefferson Metro station. With strong current income, separately metered gas/electric, and low operating expenses, this property is ideal for investors seeking long-term appreciation, solid cash flow, and potential rent growth in a high-demand submarket.
Presented By: Dillon Perera with Meldia Investment Realty of America; 818-854-2470
Interior Features for 1942 S Sherbourne Drive
Other Interior Features
Common WallsTwoCommonWallsOrMore
Laundry FeaturesCommonArea, Inside, Stacked
Total Stories2
Other Rooms
Entry Level1
General for 1942 S Sherbourne Drive
Additional Parcels Y/NNo
AppliancesDryer, Washer
Building Area UnitsSquareFeet
CityLos Angeles
Community FeaturesSidewalks
CountyLos Angeles
DirectionsEast of Robertson Blvd, North of Cadillac Ave, South of Sawyer
Entry LocationFront and Back Gate
Fuel Expense125
Garage Spaces
Garage Y/NNo
Gross Income169012
HOANo
HOA Fee$
Insurance Expense3800
Land Lease Y/NNo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet6861
Lot Size UnitsSquareFeet
MLS AreaC09 - Beverlywood Vicinity
MaintenanceExpense10000
Net Operating Income111341
New ConstructionNo
Number Of Units Total6
Operating Expense57671
Pool FeaturesNone
PostalCityLOS ANGELES
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
Water Sewer Expense2500
Year Built1956
Year Built SourceAppraiser
ZoningLARD2
Exterior for 1942 S Sherbourne Drive
Building Area Total6300
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.1575
Lot Size Area6861
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
Total Parking0
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
