Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

2

Building size

3,200 sqft

Lot size

6,170 sqft

Year built

1929

Stories

0

View

None

Status

Active

Days on market

38

MLS #

242399374

About this property

In the heart of the Pico/Robertson Neighborhood! An exceptional opportunity to acquire a vacant duplex on a prime 6,168 sq. ft. corner lot in a highly desirable neighborhood. This major fixer-upper presents outstanding potential for investors, developers, or owner-users seeking to renovate, reposition, or develop a property with significant long-term upside and income-producing possibilities. The property is located within a Transit Oriented Communities (TOC) Tier 3 zone and benefits from LAR3 zoning, creating substantial future development potential. Buyer may explore alternative development options, including adding multiple Accessory Dwelling Units (ADUs) or pursuing multi-family redevelopment with the potential for up to 14 units (buyer must independently verify with the City of Los Angeles). The property will be delivered fully vacant, allowing immediate renovation or redevelopment.

Location

1068 S Sherbourne Drive

Los Angeles, Los Angeles, CA, 90035