Prime Mid-City Value-Add Opportunity! Nestled in one of LA’s most desirable rental corridors, this well-maintained 6-unit apartment building at 1942 S Sherbourne Drive offers a rare chance to secure stable income with upside. The gated property features upgraded, spacious units—each with in-unit laundry—and assigned on-site parking. Tenants enjoy easy access to the 10 Freeway, Culver City, Downtown, and the La Cienega/Jefferson Metro station. With strong current income, separately metered gas/electric, and low operating expenses, this property is ideal for investors seeking long-term appreciation, solid cash flow, and potential rent growth in a high-demand submarket.
Listed by Dillon Perera
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License #01797577
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Meldia Investment Realty of America
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310-848-3746
Last updated June 26, 2025
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Source: CRMLS #SB25142112
Listing Facts
TypeMulti-family
NeighborhoodLa Cienega Heights
Days on Prevu148
Amenities
Washer/Dryer
Parking
Location
Mortgage Calculator
Listing History
10/28/2025
Status changed to Active
$2,500,000
10/21/2025
Status changed to Removed from Feed
$2,500,000
10/20/2025
Status changed to Active
$2,500,000
10/19/2025
Status changed to Removed from Feed
$2,500,000
10/18/2025
Status changed to Active
$2,500,000
10/16/2025
Status changed to Removed from Feed
$2,500,000
10/04/2025
Status changed to Active
$2,500,000
10/03/2025
Status changed to Removed from Feed
$2,500,000
10/02/2025
Status changed to Active
$2,500,000
10/01/2025
Status changed to Removed from Feed
$2,500,000
09/26/2025
Status changed to Active
$2,500,000
09/25/2025
Status changed to Removed from Feed
$2,500,000
09/20/2025
Status changed to Active
$2,500,000
09/19/2025
Status changed to Removed from Feed
$2,500,000
09/18/2025
Status changed to Active
$2,500,000
09/17/2025
Status changed to Removed from Feed
$2,500,000
09/16/2025
Status changed to Active
$2,500,000
09/14/2025
Status changed to Removed from Feed
$2,500,000
09/14/2025
Status changed to Active
$2,500,000
09/12/2025
Status changed to Removed from Feed
$2,500,000
09/12/2025
Status changed to Active
$2,500,000
09/05/2025
Status changed to Removed from Feed
$2,500,000
09/05/2025
Status changed to Active
$2,500,000
09/04/2025
Status changed to Removed from Feed
$2,500,000
09/01/2025
Status changed to Active
$2,500,000
08/29/2025
Status changed to Removed from Feed
$2,500,000
06/24/2025
Listed by Meldia Investment Realty of America
$2,500,000
Property Details for 1942 S Sherbourne Drive
Association
Amenities
Community Features: Sidewalks
Exterior
Construction
Number Of Units Total: 6
Property Attached: Yes
Stories Total: 2
Year Built: 1956
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front and Back Gate
Measurements
Building Area Total: 6,300
Building Area Units: Square Feet
Lot Features: 6-10 Units/Acre
Lot Size Acres: 0.15
Lot Size Area: 6,861
Lot Size Source: Assessor
Lot Size Square Feet: 6,861
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $169,012.00
Operating Expense: $57,671.00
Taxes
Parcel Number: 4302025015
Interior
Features
Appliances: Dryer, Washer
Other
Location
Tax Lot: 183
Parking
Parking
Parking Features: Assigned, Driveway, Uncovered
Utilities
Equipment
Laundry Features: Common Area, Inside, Stacked
Sewer: Public Sewer
Water Source: Public
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.