CA > Los Angeles
Los Angeles, CA 90048,432 S Sherbourne Dr
Los Angeles, CA 90048,432 S Sherbourne Dr
Los Angeles, CA 90048,432 S Sherbourne Dr
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$2,050,000
Est. payment /mo
10 Beds
10 Baths
6,190 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,190 sqft

Price per Sqft $331

MLS Listing ID 25584413

Bedrooms 10

Year Built 1960

Lot Size 6,504 Sqft

Acres 0.1493

Property Sub-Type Multi-Family

Property Description

This offering presents a rare opportunity to acquire a stabilized multifamily asset with a 5.80% in-place cap rate in one of Los Angeles' most competitive rental markets. Located in Beverly Grove, just steps from Beverly Hills, the property delivers immediate income security alongside enduring tenant demand driven by its prime location. Residents benefit from proximity to major job centers, world-class dining, shopping, and cultural institutions, while the affordability gap in homeownership continues to fuel long-term rental stability. The existing vacancy also creates a unique owner-user opportunity, allowing a buyer to occupy a unit in this highly desirable submarket while collecting rental income from the remaining apartments.Blending vintage architectural charm with modern improvements, the property offers both character and practicality. A completed seismic retrofit ensures safety and compliance while removing a significant capital expense for new ownership. Tenants are further attracted by desirable amenities including gated entry, covered parking, balconies or patios in select units, and on-site laundry facilities. The owner's unit features central air and a private rear yard, providing rare features in this neighborhood that enhance livability and value.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Refrigerator, Range/Oven

Laundry Laundry Area

Exterior

Parking Features Carport, Tandem

Garage Spaces 8.0

Building

Story 2

Level or Stories Two

Structure Type Stucco

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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Kirshner Elkin Properties

+1(424) 214-0133

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