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5-Unit Apartment Building
New
For Sale
$2,195,000

1507 S Sherbourne Dr, Los Angeles, CA 90035

Separate electric metering serves the units, and the property includes an on-site laundry facility.

Property Size5,530 SF
Price / SF$396.93
Days on Market4

Property Features for 1507 S Sherbourne Dr

General Information

Standard status Active
Size 5,530 SF
Property subtype MULTI_FAMILY

Site & Location

Neighborhood Pico-Robertson

Units

Unit Mix 1 x 1bd, 3 x 2bd, 1 x 3bd
Multifamily Units 5
Individually Metered Utilities electricity

Amenities

laundry facility

Building Details

Building Size 5,530 SF
Year Built 1960
Listing Agency: Compass
Listed By: Kathie Arastoo-zadeh · License #01354617
Source: Benbelack
Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 12:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

Rey
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Investment Insights

Based on property information with market context.

This 1960 apartment property contains five units: one one-bedroom, three two-bedroom, and one three-bedroom. Unit 3 has been remodeled, retrofitting has been completed, and a new electrical panel was installed recently. Each unit has a separate electric meter, and the property has a laundry facility.

The property is near Beverly Hills, West Hollywood, Rancho Park, Beverly Grove, Beverly Center, and Miracle Mile in Los Angeles.

Key Highlights

  • Five apartments: one 1‑bedroom, three 2‑bedroom, and one 3‑bedroom
  • Unit 3 has been remodeled
  • Separate electric meters for each unit

Property Analytics

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Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

2,908
Businesses Nearby

Demographics for 90035, CA

30,294
Population
13,795
Households
2.2
Avg Household Size
37
Median Age
68%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
13,171
Density / Sq Mi
$108,224
Median Household Income
$67,202
Median Earnings
$2,486
Median Rent
$1,844,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Separate electric metering serves the units, and the property includes an on-site laundry facility.
Where is this apartment building located?
The property is located at 1507 S Sherbourne Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Five apartments: one 1‑bedroom, three 2‑bedroom, and one 3‑bedroom; Unit 3 has been remodeled; Separate electric meters for each unit
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