1960 S Sherbourne Dr , Los Angeles, CA 90034
$2,995,000
Est. Payment: $15,740.01/mo
6 Bed
5 Bath
7260 Sqft
0.16 Acres
Status: active | Days on site: 8
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CLW-X82132 - CLW-X85880,CLW-X52753
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House Description

We are very pleased to exclusively present The Sherbourne Residences, an exceptional opportunity to acquire a beautifully remodeled six-unit apartment building in the highly desirable Crestview enclave, adjacent to the exclusive Beverlywood neighborhood. Offered at $2,995,000, this well-maintained and fully renovated property features an outstanding unit mix of five spacious 2-bedroom, 2-bathroom residences and one expansive 4-bedroom, 2.5-bathroom residence. All six units have been fully remodeled and feature updated kitchens with stainless steel appliances, new countertops, new flooring, and new windows, creating bright, modern living spaces with strong tenant appeal. Five of the six residences feature central heating and air conditioning as well as in-unit laundry, and all six units have their own electric vehicle chargers. The front 2+2 residence also offers a private fenced yard, adding a desirable outdoor amenity to an already excellent list of tenant amenities. The property has completed its seismic retrofit, providing an important capital improvement for the next owner.The investment fundamentals are equally compelling, with approximately $246,168 in annual scheduled rental income, $164,439 in annual net operating income, and a 5.5% current cap rate with projected market rents offering a potential annual NOI of $178,736 and nearly a 6% market cap rate. Ideally situated in fantastic Crestview neighborhood, directly adjacent to Beverlywood and conveniently close to Beverly Hills, Century City, and Culver City, the property offers access to premier Westside employment centers, shopping, dining, and entertainment. The surrounding area combines an established residential setting with convenient access to major commercial corridors and everyday amenities. The Residences at Sherbourne represents the rare opportunity to acquire a highly upgraded six unit multifamily asset featuring spacious two and four bedroom residences, modern kitchens and bathrooms, EV charging throughout, a completed seismic retrofit, strong in-place income, all in an exceptional and highly desired central Westside location.

Highlights

Listed by Dana Brody , 818-212-2757 and Samuel Aflalo , 310-989-7355 Dana Brody , 818-212-2757. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.16

Year Built

1961

County

Los Angeles

Area

C09 - Beverlywood Vicinity

Listing ID

26101892

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:5
Appliances:Dishwasher, Disposal, Microwave, Oven, Range Hood
Air Cond:Central Air
Fireplaces:

Exterior Features

Lot:No Land Lease
Lot Dimensions:45x152
Garage Capacity:6
Zoning:LARD2
Others:
  • ▪ Additional:2+ Total Units
Parking Features:Attached Carport
Principal Interest
$15,740
Taxes
$1,909

Home Price

$2,995,000

Loan Details

30 yrs
6.875%

Down Payment

20%
$599,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$15,740.01

Principal

Taxes

Principal Taxes HOA Total
Monthly $15,740.01 $1,909.31 $0.00 $17,649.33
Yearly $188,880.17 $22,911.75 $0.00 $211,791.92
Total $5,666,405.18 $687,352.50 $0.00 $6,353,757.68

Today's Rates

30 Year

6.88%

20 Year

6.86%

15 Year

6.33%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-06T23:30:37.000Z

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