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    2032 S Shenandoah St

    Los Angeles, CA 90034
    • $2,750,000
    • STATUS: Active
    • ON SITE: 18 days
    • MLS #: 21-693780
    UPDATED: 204 min ago
    $2,750,000
    • 16
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,159
      SQFT
    • $384
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    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. 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 gas and electricity. Additionally, the subject property features at least one parking spot for each unit. 2032 S. Shenandoah presents a significant value-add opportunity to investors, as current rents are approximately 31% below market value for nicely remodeled units in the area.An investment in 2032 S. Shenandoah allows you to acquire a pride of ownership building (long-term) in a rental neighborhood that is consistently under high-demand by young professionals and new households. Property includes a built in security camera system

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-06T23:42:21.233. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/114275600
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    2032 S Shenandoah St Los Angeles, CA 90034

    • Price: $2,750,000
    • Status: Active
    • Updated: 204 min ago
    • MLS #: 21-693780
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    7,159
    SQFT
    $384
    $/SQFT
    1953
    Built
    Neighborhood:
    Beverlywood Vicinity
    County:
    Los Angeles
    Area:
    Beverlywood Vicinity
    Property Description
    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. 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 gas and electricity. Additionally, the subject property features at least one parking spot for each unit. 2032 S. Shenandoah presents a significant value-add opportunity to investors, as current rents are approximately 31% below market value for nicely remodeled units in the area.An investment in 2032 S. Shenandoah allows you to acquire a pride of ownership building (long-term) in a rental neighborhood that is consistently under high-demand by young professionals and new households. Property includes a built in security camera system
    Exterior Features

    Covered Parking 6 Cross Streets S. Shenandoah Street & Cadillac Avenue Lot Size Area 8543 Other Structures None Parking Garage Carport AttachedParking Space Total Parking 12 View Description None View YN No Water Frontage None

    Interior Features

    Baths Total 10.00 Common Walls Attached Cooking Appliances Cooktop - Gas Cooling None Equipment Built-InsMicrowaveFreezerRange/OvenRefrigeratorHood Fan Fireplace Rooms None Flooring Wood Heating Wall Laundry Community Laundry Equipment Lease

    Property Features

    Assessed Total Value 395380 Gross Income 182940 Gross Operating Income 177452 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 112370.00 Number Of Buildings 2 Number Of Units 7 Rent Control YN Yes Sale Type Standard Security Features GatedT.V. Sewer In Street Source Living Area Other Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 65082 Type Of Units Apartments Water Meter On Property Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Max Berger DRE# of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-06T23:42:21.233. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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