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

About the Property

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.

Like this property?

Contact Max Berger about it!

Related Listings

7 Units Walking Distance to Westfield Century City

1635 S. Beverly Glen Boulevard
Los Angeles, CA 90024

Price $4,775,000

City Los Angeles

Units 7

10 Units in Prime West LA w/ 60% Upside in Rents

1411 Federal Avenue
Los Angeles, CA 90025

Price $3,195,000

City Los Angeles

Units 10

Front of 401 Vista, a renovated triplex in Beverly Grove

Fairfax District Triplex w/ 4.66% Current CAP

401 N. Vista Street
Los Angeles, CA 90036

Price $3,225,000

City Los Angeles

Units 3