858 Shenandoah Street, Los Angeles, CA 90035
  • MLS#: SB25071028 ( Apartment )
  • Street Address: 858 Shenandoah Street
  • Viewed: 1
  • Price: $6,829,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 25
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90035
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Austin Austin
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Prime investment opportunity at 858 S Shenandoah St, Los Angeles, CA 90035a 12 unit gem just one block from Beverly Hills! This well maintained property features spacious 2 bedroom, 2 bathroom units, each averaging over 1,600 sq. ft., offering an exceptional living experience. Residents also benefit from 24 subterranean parking spaces, providing secure and convenient parking in a high demand area.Situated in the heart of Pico Robertson, one of LAs most desirable rental markets, the property is just minutes from Beverly Hills, The Grove, Miracle Mile, Century City, and West Hollywood. Residents enjoy easy access to high end shopping, acclaimed dining, and top tier entertainment, as well as major employment hubs like Cedars Sinai Medical Center and Century Citys business district. This property currently operates at a 4.18% cap rate with a 16.01 GRM, offering a solid investment foundation with 35% upside in rents. With rental adjustments, the pro forma financials project a 6.30% cap rate and an 11.86 GRM, making this a rare opportunity for investors to maximize returns in one of LAs most coveted neighborhoods. Strong rental demand, an unbeatable location, and significant upside potential make 858 S Shenandoah St a prime long term asset!
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Features
Building Area Total
  1. 19602.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 0.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 24.00
Insurance Expense
  1. 0.00
Laundry Features
  1. Common Area
Lot Features
  1. Rectangular Lot
Netoperatingincome
  1. 285413.00
Number Of Separate Electric Meters
  1. 13
Number Of Separate Gas Meters
  1. 13
Parcel Number
  1. 4333013030
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 435417469:CRM
Totalexpenses
  1. 128723.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1963
Year Built Source
  1. Public Records
Zoning
  1. LAR3