14
See all 14 photos
$5,995,000
Est. payment /mo
21 Beds
24 Baths
15,326 SqFt
Active
1534 S Shenandoah ST Los Angeles, CA 90035
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 15,326 sqft
Price per Sqft $391
MLS Listing ID 26661085
Bedrooms 21
HOA Y/N No
Year Built 1964
Lot Size 0.299 Acres
Property Description
1534 Shenandoah presents a well-maintained Westside asset with strong in-place financials and clear upside potential. The property offers an attractive 5.76% going-in cap rate, supported by ownership's consistent track record of raising rents and executing tasteful unit renovations upon turnover. A new owner can continue this proven strategy to further enhance income. Additional NOI growth is available through the continued rollout of a utility bill-back program, currently implemented in 13 of the 20 units (65%), allowing for the gradual transfer of utility costs to tenants as units turn. The property also benefits from a highly desirable and diversified unit mix of eleven 1-bedroom/1-bath units, five 2-bedroom/2-bath units, three 1-bedroom/1-bath ADUs, and one 0-bedroom/1-bathroom ADU appealing to a broad tenant base and helping stabilize long-term occupancy. Ideally located in the heart of Pico-Robertson, the asset offers central Westside access to major employment hubs including Century City and Santa Monica, while being just one mile from the dining, entertainment, and walkable amenities of Downtown Culver City. The property is further enhanced by convenient on-site parking at the front of the building, a highly desirable amenity for tenants in this dense urban submarket. Please note, the property square footage includes the additional square footage from the four (4) ADU units (Buyer to verify all details related to actual building square footage). The property consists of sixteen (16) regular units and four (4) ADU units.
Location
State CA
County Los Angeles
Area C09 - Beverlywood Vicinity
Zoning LAR3
Interior
Heating None
Fireplace No
Exterior
Parking Features Assigned, Garage, Tandem, Uncovered
Total Parking Spaces 22
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4303012041
Special Listing Condition Standard
Listed by Saadia 'Sam' Liberow Marcus & Millichap #01933858
Nearby Locations
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