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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