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432 S Sherbourne DriveLos Angeles, CA 90048

Pending

$2,050,000

Smart Buyer Rebate $20,500

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

·

License #01933858

·

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.

Full MLS Disclaimers

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.