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.
Listed by Saadia 'Sam' Liberow
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License #01933858
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Marcus & Millichap
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818-212-2795
Last updated September 05, 2025
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Source: CRMLS #25584413
Listing Facts
TypeMulti-family
NeighborhoodBeverly Grove
Bedrooms10
Days on Prevu9
Size6,190 sqft
Price per sqft$331
Amenities
Parking
Location
Mortgage Calculator
Listing History
09/06/2025
Status changed to Pending
$2,050,000
09/06/2025
Status changed to Removed from Feed
$2,050,000
09/05/2025
Status changed to Active
$2,050,000
09/04/2025
Status changed to Removed from Feed
$2,050,000
08/28/2025
Listed by Marcus & Millichap
$2,050,000
Property Details for 432 S Sherbourne Drive
Exterior
Construction
Number Of Units Total: 5
Stories: 2
Stories Total: 2
Year Built: 1960
Construction Materials: Stucco
Features
Direction Faces: West
Measurements
Building Area Total: 6,190
Lot Size Acres: 0.14
Lot Size Area: 6,504
Lot Size Square Feet: 6,504
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.8
Gross Income: $186,324.00
Taxes
Parcel Number: 4334016016
Interior
Features
Appliances: Refrigerator
Measurements
Living Area: 6,190
Rooms
Bathrooms Total Integer: 10
Bedrooms Total: 10
Parking
Parking
Carport: Yes
Garage: Yes
Open Parking Spaces: 3
Parking Features: Carport, Garage, Tandem
Parking Total: 8
Utilities
Equipment
Heating: Wall Furnace
Has Heating: Yes
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.