4 months on rocket

1108 S Sherbourne Dr, Los Angeles, CA, 90035

$2,400,000

Home List Price

$10,000*

Closing Credit

0 Baths
6,310 SqFt
$380/SqFt
House

Location

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1108 S Sherbourne Dr, Los Angeles$2,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingCovered
Year Built1955
HeatingNone
CoolingNone
MLS #24418331
Lot Size0.15 Acres
StatusActive

About 1108 S Sherbourne Dr

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

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
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1108 S Sherbourne Dr vs Los Angeles

123 DAYS ON ROCKET

+85 Days

$2,400,000

+$1.3M More

$380/SqFt

-$261 Less

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $261/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

IDX 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: 11/23/2024, 10:20:51 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

YEARPROP. TAXASSESSMENT
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.

Payment Calculator

$12K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,262

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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.

Nearby Schools

school-card-donut-865888
5
/10

  • Carthay School

  • 6351 W Olympic Blvd

  • 0.59 miles

  • Public Magnet Grades KG-5

school-card-donut-865889
5
/10

  • Crescent Heights Blvd School

  • 1661 S Crescent Heights Blvd

  • 0.74 miles

  • Public District Grades KG-5

school-card-donut-865890
8
/10

  • Canfield Avenue Elementary School

  • 9233 Airdrome St

  • 0.80 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,110. The most common annual income of people living in Los Angeles, CA is between $35k-100k. Typical family type is single, no kids. Most residents in this area 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 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.

Rocket Homes›California›Los Angeles County›Los Angeles›90035›1108 S Sherbourne Dr

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.

In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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