Property Details

Price $2,750,000

Year Built 1953

# of Units 7

Price P/ Unit $392,857

Sq. ft. 7,159 SF

Price p/ Sq. ft. $384

Current Cap Rate 4.19%

Proforma Cap Rate 5.70%

Lot Size 8,543 SF

Zoning LARD1.5

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2032 S. Shenandoah Street
Los Angeles, CA 90034

About the Property

Kenny Stevens Team is please to present 2032 S. Shenandoah Street, a 7-unit multifamily property located in the charming and rapidly-developing neighborhood of Pico-Robertson. The 7,159 SF two-story building sits on a 8,543 SF lot, and is comprised of (2) three-bedroom units and (5) two-bedroom units across two structures. Each bright and spacious unit averages approximately 1,000 SF. The meticulously maintained building requires no seismic retrofitting and each unit has been separately metered for gas and electricity. Additionally, the property features 12 parking spots with no seismic retrofitting required. 2032 S. Shenandoah presents a significant value-add opportunity as current rents are approximately 31% below market value for nicely remodeled units in the area.

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