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  • 68
  • 1957
  • 6,000
Active Status
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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.

Address: 814 S SHERBOURNE Drive
State: CA
City: Los Angeles
County: Los Angeles
Zip Code: 90035
MLS#: 19433618
MLS Area: C19 Beverly Center Miracle Mile

Price History

Date Price Event Change MLS#:
2/12/2019 $2,995,000 List Price 19433618
12/13/2018 $2,995,000 List Price 18413242

Nearby Schools

Horace Mann Elementary School(K-8)3
Rabbi Jacob Pressman Academy(Preschool-8)
Page School Beverly Hills(2-6)
Page School-Beverly Hills(Preschool-6)
Kabbalah Children's Academy(Preschool-K)
Montessori Children's World(Preschool-3)
Torat Hayim Hebrew Academy(Preschool-8)
St. Mary Magdalen Elementary School(5-8)
Horace Mann Elementary School(K-8)3
Halstrom Academy - Beverly Hills(6-12)
Rabbi Jacob Pressman Academy(Preschool-8)
Page School Beverly Hills(2-6)
Page School-Beverly Hills(Preschool-6)
Torat Hayim Hebrew Academy(Preschool-8)
St. Mary Magdalen Elementary School(5-8)
Halstrom Academy - Beverly Hills(6-12)
Ohr Haemet Institute For Girls(9-12)

Interior Details

  • Appliances:
  • Features:
  • Furnished:
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  • Cooling:See Remarks
  • Heating:
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Exterior Details

  • Home Construction
  • Features:
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  • Garage Spaces:
  • Pool:No
  • Utilities:
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  • Parking:Other

Community Details

  • HOA: $0/mo
    Fees Include:

Rental Information

  • Rental Income:$0
  • Rental Number:0
  • Directions:S. of Wilshire North of Olympic

Associated Agents

  • Listing Agent:Power Brokers International - Shiva Mehrdad

Similar Properties

Property Information Last Updated: 10/25/2017 1:55:54 PM
Property Listed By: Shiva Mehrdad with Power Brokers International


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