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    1534 S Shenandoah Street

    Los Angeles (City), CA 90035
    • $5,250,000
    • STATUS: Active Under Contract
    • ON SITE: 8 days
    • MLS #: 21679590
    Under Contract
    UPDATED: 63 min ago
    $5,250,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,126
      SQFT
    • $400
      $/SQFT
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    For sale is an incredible multifamily asset at 1534 S Shenandoah St in the coveted Westside enclave of Beverlywood at just $328,125 per unit! 1534 S Shenandoah sits just a block and a half east of Robertson Blvd and two blocks south of Pico Blvd, both of which are glittered with restaurant and retail hotspots. With a Walkscore of 91, Shenandoah is truly a walkers paradise. Built in 1964, the property features a secured lobby opening to a beautiful central courtyard. There is on-site parking for 25 cars and an on-site laundry facility. The unit mix includes (11) 1-bed, 1-bath units and (5) 2-bed, 2-bath units. There are also 3 vacant units allowing a buyer to immediately renovate and capture significant rental upside. Overall, current rents hover significantly below market providing the astute investor with a long-term blueprint to add value and increase income.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-22T18:30:44.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113222465
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    1534 S Shenandoah Street Los Angeles (City), CA 90035

    • Price: $5,250,000
    • Status: Active Under Contract
    • Updated: 63 min ago
    • MLS #: 21679590
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    13,126
    SQFT
    $400
    $/SQFT
    1964
    Built
    Neighborhood:
    C09 - Beverlywood Vicinity
    County:
    Los Angeles
    Area:
    C09 - Beverlywood Vicinity
    Property Description
    For sale is an incredible multifamily asset at 1534 S Shenandoah St in the coveted Westside enclave of Beverlywood at just $328,125 per unit! 1534 S Shenandoah sits just a block and a half east of Robertson Blvd and two blocks south of Pico Blvd, both of which are glittered with restaurant and retail hotspots. With a Walkscore of 91, Shenandoah is truly a walkers paradise. Built in 1964, the property features a secured lobby opening to a beautiful central courtyard. There is on-site parking for 25 cars and an on-site laundry facility. The unit mix includes (11) 1-bed, 1-bath units and (5) 2-bed, 2-bath units. There are also 3 vacant units allowing a buyer to immediately renovate and capture significant rental upside. Overall, current rents hover significantly below market providing the astute investor with a long-term blueprint to add value and increase income.
    Exterior Features

    Lot Size Units Square Feet Parking Features Carport Parking YN Yes

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Country Us Gross Income 296700.00 Gross Multiplier 17.70 Gross Operating Income 286344.00 Net Operating Income 195118.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 92726.00 Zoning [Q]R3-1-O

    Listing provided courtesy of Robert Renshaw of Remax Commercial & Investment Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-22T18:30:44.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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