For Sale
$6,300,000
1534 Shenandoah St Los Angeles, CA 90035
20-unit multifamily, high NOI, strong cap rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 5.33% Cap Rate, $335,746 NOI; Pro-forma 7.01% Cap Rate, $441,317 NOI.
- Utility bill-back program in place for 13 of 20 units (65%).
- Desirable unit mix: 11 (1+1), 4 (2+2), 1 (2+1.5), 4 ADUs (3 (1+1), 1 studio+1).
- Excellent Westside location in Pico-Robertson, near Century City, Santa Monica, and Culver City.
- Ample parking for up to 24 vehicles.
- High average household income exceeding $131,000 within a one-mile radius.
Property Details for 1534 Shenandoah St
- Property type
- Apartment buildings
- Square Feet
- 15,326 SF
- Class
- B
- Year Built
- 1964
- Buildings
- 1
- Stories
- 2
- Units
- 20
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0507655
- Longitude
- -118.3817903
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 20-unit multifamily, high NOI, strong cap rate
- Where is the apartment building located?
- The property is located at 1534 Shenandoah St Los Angeles, CA.
- What is the asking price?
- The asking price for this property is $6,300,000.
- What are key features of this property?
- This property features: 5.33% Cap Rate, $335,746 NOI; Pro-forma 7.01% Cap Rate, $441,317 NOI.; Utility bill-back program in place for 13 of 20 units (65%).; Desirable unit mix: 11 (1+1), 4 (2+2), 1 (2+1.5), 4 ADUs (3 (1+1), 1 studio+1).
- How can I contact the broker?
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