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About This Home
This 6-bedroom, 6-bathroom residential multi family at 1068 S Sherbourne Dr in Los Angeles, CA is listed for $1,895,000 ($592 per sqft). Built in 1929, the home offers 3,200 sqft of living space on a 0.14 acres lot.
In the heart of the Pico/Robertson Neighborhood! An exceptional opportunity to acquire a vacant duplex on a prime 6,168 sq. ft. corner lot in a highly desirable neighborhood. This major fixer-upper presents outstanding potential for investors, developers, or owner-users seeking to renovate, reposition, or develop a property with significant long-term upside and income-producing possibilities.
The property is located within a Transit Oriented Communities (TOC) Tier 3 zone and benefits from LAR3 zoning, creating substantial future development potential. Buyer may explore alternative development options, including adding multiple Accessory Dwelling Units (ADUs) or pursuing multi-family redevelopment with the potential for up to 14 units (buyer must independently verify with the City of Los Angeles). The property will be delivered fully vacant, allowing immediate renovation or redevelopment.
Key Features
- Built in 1929
- 0.14 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$10,135/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1068 S Sherbourne Dr
Los Angeles, CA 90035
Questions & Answers
This 6-bedroom, 6-bathroom residential multi family at 1068 S Sherbourne Dr is listed at $1,895,000 ($592/sqft). The estimated monthly payment is $8,212 based on 20% down at 6.5% interest.
Key features include: Built in 1929, 0.14 acre lot, 2 stories.
This property is listed by Shaw Mangoli and can be reached at 3108808989 or Shaw@ShawMangoli.com.
