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!