$2,500,000
1942 S Sherbourne Drive, Los Angeles CA 90034
Multi-Family (6 Units)
Property type
150 days
On market
$397
Price per sqft
0 cars
Garage
1956
Year built
6,861 sqft
Lot size
Open Houses
Overview
Prime Mid-City Value-Add Opportunity! Nestled in one of LA’s most desirable rental corridors, this well-maintained 6-unit apartment building at 1942 S Sherbourne Drive offers a rare chance to secure stable income with upside. The gated property features upgraded, spacious units—each with in-unit laundry—and assigned on-site parking. Tenants enjoy easy access to the 10 Freeway,...
Listing provided by: Dillon Perera DRE #01797577, Meldia Investment Realty of America
Listing updated: Jan 8, 2026 at 12:33am.
Last checked: Jun 5, 2026 at 09:00pm
Source: CRMLS #SB26002904
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 6 | 2 | 1 | — | $169,012 | $169,012 | $210,600 | Unfurnished |
# of Buildings: 1
# of Units Total: 6
Separate Electric Meters: 6
Separate Gas Meters: 6
Separate Water Meters: 1
Rent Control: Yes
Tenant Pays: Electricity, Gas, Parking Fee
Financial Snapshot
Gross Rent Multiplier
14.8x
List Price / Annual Gross Rent
Cap Rate
4.45%
NOI / List Price
Gross Scheduled Income: $169,012
Operating Expense: $57,671
Net Operating Income: $111,341
Annual Operating Expenses
Gardener: $1,200
Fuel: $125
Insurance: $3,800
Maintenance: $10,000
New Taxes: $19,681
Professional Management: $10,000
Trash: $5,200
Water / Sewer: $2,500
Interior
Appliances: Dryer, Washer
Laundry: Common Area, Inside, Stacked, Dryer Included, Washer Included
Entry Location: Front And Back Gate
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned, Driveway, Uncovered
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 4302025015
Additional Parcels: No
Tax Lot: 183
Zoning: LARD2
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 1942 S Sherbourne Drive, Los Angeles, CA 90034. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,000,000
Total Interest
$2,550,890
Total Payment
$4,550,890
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$15,396
per month
Property History for 1942 S Sherbourne Drive
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90034.
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