1421 S Shenandoah Street

    Los Angeles (City), CA 90035
    • $2,900,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: 19504890
    UPDATED: 193 min ago
    $2,900,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,894
      SQFT
    • $492
      $/SQFT
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    We are pleased to present the Shenandoah Apartments - a six (6) unit multifamily investment opportunity located in the highly sought after Pico-Robertson District. This wood frame stucco building, built in 1956, consists of 5,894 SF of living area and is situated on a 6,499 SF lot zoned [Q]R3-1-O located in a Tier 3 TOC zone. The subject property presents an incredible value-add opportunity (49% in potential rental upside) for an investor to renovate the units and bring rents up to market value. The property boasts a phenomenal unit mix of Two (2) One Bed / One Bath units, One (1) Two Bed / One Bath unit, One (1) Two Bed / One and a Half Bath unit, One (1) Two Bed / Two Bath unit, and One (1) Three Bed / Two Bath unit. In addition to providing tenants with Twelve (12) parking spaces, the building also has an on-site laundry room with Seller owned washer and dryer units. Each unit comes with newer appliances, a dish washer, hard wood and tile flooring, and self cleaning ovens.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/98430167

    1421 S Shenandoah Street Los Angeles (City), CA 90035

    • Price: $2,900,000
    • Status: Active
    • Updated: 193 min ago
    • ID#: 19504890
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,894
    SQFT
    $492
    $/SQFT
    1956
    Built
    Neighborhood:
    C09 - Beverlywood Vicinity
    County:
    Los Angeles
    Area:
    C09 - Beverlywood Vicinity
    Property Description
    We are pleased to present the Shenandoah Apartments - a six (6) unit multifamily investment opportunity located in the highly sought after Pico-Robertson District. This wood frame stucco building, built in 1956, consists of 5,894 SF of living area and is situated on a 6,499 SF lot zoned [Q]R3-1-O located in a Tier 3 TOC zone. The subject property presents an incredible value-add opportunity (49% in potential rental upside) for an investor to renovate the units and bring rents up to market value. The property boasts a phenomenal unit mix of Two (2) One Bed / One Bath units, One (1) Two Bed / One Bath unit, One (1) Two Bed / One and a Half Bath unit, One (1) Two Bed / Two Bath unit, and One (1) Three Bed / Two Bath unit. In addition to providing tenants with Twelve (12) parking spaces, the building also has an on-site laundry room with Seller owned washer and dryer units. Each unit comes with newer appliances, a dish washer, hard wood and tile flooring, and self cleaning ovens.
    Exterior Features

    Lot Size Source See Remarks Lot Size Units Square Feet Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Laundry Features See Remarks

    Property Features

    Gross Multiplier 14.95 Gross Operating Income 188197.00 Improvements Amount 129528 Land Value 63328 Laundry YN Yes Net Operating Income 133196.00 Special Listing Conditions Standard Total Expenses 55001.00 Zoning Lar3

    Listing provided courtesy of Adrian Stepien of Keller Williams Silicon Beach and Jonathan Prakash of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
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