Investment Overview

Marcus & Millichap is proud to present an outstanding multifamily investment opportunity at 1206 S Sherbourne Dr, ideally located in the sought-after Pico-Robertson neighborhood. This charming six-unit apartment building is an excellent option for both investors and future residents seeking a prime Los Angeles lifestyle. Originally built in 1955, the property showcases classic mid-century architecture while offering significant potential for modern enhancements. The unit mix features three one-bedroom/one- bath units, three two-bedroom/one-bath units, and a fully permitted, planned one-bedroom/one-bathroom ADU slated for the rear carport area. To ease in the swift construction of the ADU, there is in-place attractive assumable bridge debt for the buyer. The building has been well cared for, with recent improvements including a new roof and upgraded electrical panels throughout. Positioned in one of L.A.’s most coveted locations, tenants will benefit from easy access to premier shopping, fine dining, and a dynamic entertainment scene. For the next owner, this property presents a rare chance to capitalize on more than 68% rental upside.