This offering presents a rare opportunity to acquire a stabilized multifamily asset with a 5.80% in-place cap rate in one of Los Angeles' most competitive rental markets. Located in Beverly Grove, just steps from Beverly Hills, the property delivers immediate income security alongside enduring tenant demand driven by its prime location. Residents benefit from proximity to major job centers, world-class dining, shopping, and cultural institutions, while the affordability gap in homeownership continues to fuel long-term rental stability. The existing vacancy also creates a unique owner-user opportunity, allowing a buyer to occupy a unit in this highly desirable submarket while collecting rental income from the remaining apartments.Blending vintage architectural charm with modern improvements, the property offers both character and practicality. A completed seismic retrofit ensures safety and compliance while removing a significant capital expense for new ownership. Tenants are further attracted by desirable amenities including gated entry, covered parking, balconies or patios in select units, and on-site laundry facilities. The owner's unit features central air and a private rear yard, providing rare features in this neighborhood that enhance livability and value.
Sold for $2,300,000 on 10/21/25
$2,300,000
432 S Sherbourne Dr, Los Angeles, CA 90048
10beds
10baths
6,190sqft
Multi Family
Built in 1960
-- sqft lot
$2,299,900 Zestimate®
$372/sqft
$2,932 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 21, 2025 at 09:11am
Listed by:
Saadia 'Sam' Liberow DRE # 01933858 718-406-3128,
Marcus & Millichap 818-212-2700
Bought with:
Saadia 'Sam' Liberow, DRE # 01933858
Marcus & Millichap
Source: CLAW,MLS#: 25584413
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 10
Heating
- Wall
Cooling
- Wall Unit(s)
Appliances
- Included: Refrigerator, Range/Oven, Other Water Heater Type
- Laundry: Laundry Area
Interior area
- Total structure area: 6,190
- Total interior livable area: 6,190 sqft
Property
Parking
- Total spaces: 8
- Parking features: Carport, Tandem
- Has carport: Yes
- Covered spaces: 5
- Uncovered spaces: 3
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,503 sqft
Details
- Additional structures: None
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
Condition
- Year built: 1960
Community & neighborhood
Location
- Region: Los Angeles
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Estimated market value
$2,299,900