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$2,300,000
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Property Description
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.
Full Property Details
Full Property Details for 432 S Sherbourne Dr
General
- Sold For: $2,300,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 25584413
- Added to Site: 176 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 10
Bedrooms
- Total Bedrooms: 10
Other Rooms
- Laundry: Laundry Area
Additional Information
- Other Features: None
Parking
- Covered Spaces: 5
- Garage Description: Carport, Tandem
Location
- Area: Beverly Center-Miracle Mile
- County: Los Angeles
- Driving Directions: Near cross streets S Sherbourne St & Colgate Ave.
- Direction Faces: West
Heating & Cooling
- Cooling Type: Wall Unit(s)
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Exterior Const.: Stucco
- Stories/Levels: 2
- Square Feet: 6,190
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1960
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 5
- Unit Type: 2106, 2107, 2108, 2109, 2110
Unit 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Total Bathrooms: 2
- Bedrooms: 2
Unit 5
- Total Bathrooms: 2
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1493
- Lot Size: 6504
- Lot Size Source: Vendor Enhanced
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $331.18
- Assessment Year: 1960
- Tenant Pays: Electricity, Gas
Disclosures and Reports
- Disclosures/Reports: None
- APN: 4334-016-016
Listed and Sold by Marcus & Millichap, Saadia 'Sam' Liberow
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Schools
Schools serving 432 S Sherbourne Dr
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Rosewood Avenue Elementary School 503 Croft Avenue, West Hollywood, CA 90048 | K-5 | 0.7 mi |
West Hollywood Elementary School 970 Hammond Street, West Hollywood, CA 90069 | K-5 | 1.3 mi |
John Burroughs Middle School 600 McCadden Place, Los Angeles, CA 90005 | 7-8 | 2.5 mi |
Fairfax Senior High School 7850 Melrose Avenue, Los Angeles, CA 90046 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 432 S Sherbourne Dr
Date
Details
Price
Change
Source
10/21/2025
Sold
$2,300,000
12.2%
MLS
8/28/2025
Listed
$2,050,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
432 S Sherbourne Dr, Los Angeles, CA 90048 (MLS# 25584413) is a Multi-Family property that was sold at $2,300,000 on October 21, 2025. Want to learn more about 432 S Sherbourne Dr? Do you have questions about finding other Multi-Family real estate for sale in Miracle Mile? You can browse all Miracle Mile real estate or contact a Coldwell Banker agent to request more information.

