A 7-unit multifamily property located in the charming and rapidly-developing neighborhood of Pico-Robertson. East of La Cienega Boulevard and north of Cadillac Avenue, the subject property is in close proximity to the The Grove, Beverly Center and Miracle Mile. Two-story 7,bd159 SF building is comprised of (1) four-bdrm. unit, (1) three-bdrm. unit and (5) two-bdrm. units. Bright and spacious units average approx. 1,000 SF each. Current rents are approx. 26% below market value for nicely remodeled units in area. Each unit features at least one parking spot and has been separately metered for gas and electricity. No seismic retrofitting required.
2032 S. Shenandoah Street
2032 S. Shenandoah Street, Los Angeles
Property Details
Year Built 1953
# of Units 7
Price P/ Unit $371,429
Sq. ft. 7,159 SF
Price p/ Sq. ft. $663
Current Cap Rate 4.29%
Proforma Cap Rate 6.07%
Lot Size 8,543 SF
Zoning LARD1.5
2032 S. Shenandoah Street
Los Angeles, CA 90034
Los Angeles, CA 90034
About the Property
