Just Closed | 6 units in Pico Robertson

Details:

Price: $2,620,000

Price/Unit: $436,667

Price/SF: $493.22

Year Built: 1954

Deal Overview:

The Liberow Group of Marcus & Millichap is pleased to present the successful sale of 1042 S. Sherbourne Avenue, a 6-unit apartment building located in Pico Robertson.

The Liberow Group is proud to have been chosen amongst other teams to represent this listing considering this property had been our seller’s true pride of ownership for the last 40 years. Although this property was continuing to thrive due to its well-maintenance and pristine location, our seller ultimately decided he was ready to retire and sell before the New Year, thus entrusting our team’s extensive track record in the Pico Robertson area.

Within weeks of hitting the market, we were able to generate multiple offers. Considering our seller needed to sell before the end of the year, we were committed to finding a buyer who could work around the short turnaround time. Luckily, we were able to negotiate a short due diligence and a quick closing with an all-cash buyer who also happened to work with a Marcus & Millichap agent, resulting in a smooth and quick in-house transaction and two delighted parties.

Once again, we are thrilled to announce another successful sale, this one resulting in a market-leading price point per foot for the area.

Since 2020, The Liberow Group has been one of the most active teams in Los Angeles County. Collectively, we have closed 47 transactions across various product types, resulting in over $310M in sales. If you are interested in getting a complimentary evaluation done on any of your properties, please let us know – we’d be happy to put one together for you!

Exclusively Listed By:

Sam Liberow

Senior Vice President Investments

818-212-2795

[email protected]

Max Gersht

Associate

818-212-2664

[email protected]