1108 S Sherbourne Dr is located in the highly coveted PicoRobertson submarket. This premier Los Angeles neighborhood attracts highendrenters with a consistently low vacancy rate and steady rent growth.The property consists of seven units, including four one-bedrooms and threetwo-bedrooms, all with parking. The soft story retrofit has been completed.This is a true value-add opportunity, with most rents below market levels. Theproperty is offered at $342,857per unit and $380 PSF, with over 27% rentalupside. The property has been well maintained throughout the years, fourunits have been renovated with new kitchen countertops, backsplash, andstainless-steel sinks; mini split AC units have been installed in most of theapartments; value can be added with further interior renovations thatcould enhance rents including recessed lighting, updated bathrooms,new appliances, and high-quality vinyl flooring. The neighborhoodexhibits a significant affordability gap between renting and homeownership, with median home values exceeding $1 million and averagehousehold incomes of $124,520 within a two-mile radius. Pico-Robertson is an established Los Angeles community known for itswalkability, offering numerous amenities within a half-mile radius,including high-end retail options. The property has a walk score of86 and is conveniently located near S La Cienega, W Pico, and WOlympic Blvd.
Property Details
Property Features
Property Information:
Year Built: 1955
Stories: 2
Living Area: 6,310 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
Exterior Features
Parking Information:
Parking: Covered
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Utilities
Utilities Information:
Heating: None
Cooling: None
School Info
Assigned Schools Information:
Fairfax Senior High School, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Ralph Waldo Emerson Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Carthay Center Elementary School, Public District Grades KG-6
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: Located just west of S La Cienega Blvd between W Olympic Blvd and W Pico Blvd.
Price Information
Listing Price Info
Price Summary:
List Price: $2,400,000
Price Per SqFt: $380/SqFt
Tax Information:
Annual Amount: $4,496
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.3M more than the Median Sold Price and $260/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24418331
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
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 broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 10/22/2024, 8:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$4,496
$287,528
2020
$4,386
$284,383
2019
$4,257
$278,808
2018
$4,140
$273,342
2017
$4,140
$267,984
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Carthay Center Elementary School
6351 W Olympic Blvd
Distance between this listing and this school0.60 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.70 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school17.63 miles
Public Magnet Grades 1-5
Middle School
6
/10
Ralph Waldo Emerson Middle School
1650 Selby Ave
Distance between this listing and this school3.25 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school8.79 miles
Public District Grades 6-8
High School
7
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school2.14 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school9.66 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school11.65 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Carthay Center Elementary School
6351 W Olympic Blvd
Distance between this listing and this school0.60 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.70 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school17.63 miles
Public Magnet Grades 1-5
Assigned Schools
6
/10
Ralph Waldo Emerson Middle School
1650 Selby Ave
Distance between this listing and this school3.25 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school8.79 miles
Public District Grades 6-8
Nearby Schools
8
/10
Horace Mann Elementary School
8701 Charleville Blvd
Distance between this listing and this school0.61 miles
Public District Grades KG-8
Assigned Schools
7
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school2.14 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school9.66 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school11.65 miles
The neighbors living near this home have an average income of $48,110. Residents of Los Angeles, CA typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1108 S Sherbourne Dr
What is the listing price of this property?
The listing price of 1108 S Sherbourne Dr property is $2,400,000.
What type of property is this?
The property 1108 S Sherbourne Dr is a house located in Los Angeles, California, 90035.
Is this property for sale now?
Active Listing: 1108 S Sherbourne Dr is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1108 S Sherbourne Dr are: Carthay Center Elementary School: GreatSchools Rating 5/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Academy For Enriched Sciences: GreatSchools Rating 9/10Ralph Waldo Emerson Middle School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10Fairfax Senior High School: GreatSchools Rating 7/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $4,496 (source: MLS/based on county public records data).
What is the square footage of this property?
The property 1108 S Sherbourne Dr is 6,310 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1108 S Sherbourne Dr is 1955.
This home is located at 1108 S Sherbourne Dr in Los Angeles, CA and zip code 90035 in the Pico Robinson neighborhood. This 6,310 square foot home, which was built in 1955, sits on a 0.15 acre lot. It has been listed on Rocket Homes since July 23, 2024 and is currently priced at $2,400,000.
Los Angeles, CA housing market in September 2024 saw over 532 listings sold above listed price, more than 180 sold at listed price and over 619 sold below. The inventory of homes for sale in Los Angeles, CA between August 2024 and September 2024 increased by 10.6%. In September 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $1,012,476.
From Rocket Homes Real Estate and based on county public records data.