Probate Sale, Court Confirmation MAY be required. 13-Unit residential property, for sale AFTER 51 years! Great unit mix 8 X 1 Bed, 4 X 2 Bed, and large 1 X 3 Bed. 9 of 13 Units are currently vacant and will be delivered vacant at COE. Soft Story Retrofit has NOT been done. All units are separately metered for gas & electricity. No known upgrades (to any systems) were done to the property. Seller is a Court-appointed fiduciary and cannot make any representations as to the condition, or history of the subject property. Sold AS IS & Where IS, with current 4 tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations. Court-appointed Administrator of the Estate will not respond to any offers until after the offer deadline. Only the vacant units will be shown during the open houses.
Showing Remarks: Drive by only. Open Houses will be scheduled, and MLS will be updated. Please email sales@iagpm.com.
| Property Highlights |
| Street |
835 S Sherbourne Dr.
|
| City |
Los Angeles
|
| State |
CA
|
| Zip |
90035
|
| Status |
Sold
|
| Property Type |
Multi-family
|
| Asking Price |
5,500,000
|
| Sold Price |
4,850,000
|
| Year Built |
1957
|
| Building Sq Ft |
11,558
|
| Number of units |
13
|
| CAP Rate |
4.29
|
| GRM |
14.35
|
| Value per Square Feet |
423,077
|
| Broker Name |
Vinny Jain
|
| Telephone |
(310) 207-2288
|
| Email |
sales@ingeniousassetgroup.com
|
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