2011 S Shenandoah St - Apartments FOR SALE


Los Angeles, CA 90034- Mid-City
$2,485,000 USD
310-447-2213
2011 S Shenandoah St, Los Angeles, CA for Sale
$2,485,000 USD
Apartments - FOR SALE
1/23
null | 3.67% Cap Rate

2011 S Shenandoah St
Los Angeles, CA 90034
Mid-City


HIGHLIGHTS

  • Six-unit multifamily property in La Cienega Heights
  • Unit mix: (2) two-bedroom/one-bath and (4) one-bedroom/one-bath units
  • Building size: 5,104 SF | Lot size: 8,697 SF
  • Fully Approved RTI Plans for (2) 900 SF two-bedroom/two-bath ADUs
  • Excellent value-add opportunity through renovations and ADU construction
  • Prime residential location with convenient access to employment centers, transit, and amenities

OVERVIEW

6 Units + Fully Approved RTI Plans for 2 ADUs in Prime La Cienega Heights. Stiegler | Takahashi Group is proud to present 2011 S Shenandoah Street, a six-unit multifamily property located in the desirable La Cienega Heights neighborhood of Los Angeles. The building is comprised of two spacious two-bedroom, one-bath units and four one-bedroom, one-bath units, totaling 5,104 square feet of living space on an 8,697 square foot lot. The property offers a rare development opportunity with Fully Approved RTI Plans for two additional ADUs, each designed as 900 square foot two-bedroom, two-bath units. In addition, there is the potential to add 4 additional ADU’s in place of the front ground level unit. This asset presents strong value-add potential through unit renovations and ADU construction, creating substantial upside in rental income and long-term appreciation. Ideally situated in a quiet residential pocket with close proximity to major employment centers, transportation, and local amenities, 2011 S Shenandoah Street is a prime investment opportunity in one of Los Angeles’ most dynamic rental markets.

FOR SALE DETAILS

PRICE

$2,485,000 USD

PRICE/SF

$487 USD /SF

# OF UNITS

6

PRICE/UNIT

$414,167

CAP RATE

3.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

LARD 1.5

APN/PARCEL ID

4302-018-037

ASK ABOUT THIS PROPERTY

Johnnie StieglerLyon Stahl Investment Real Estate, Inc.More Info
310-447-2213

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Johnnie StieglerLyon Stahl Investment Real Estate, Inc.More Info
310-447-2213

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.