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$ 6,829,000
Est. payment | /mo
8 Beds
10,627 Sqft Lot
$ 6,829,000
Est. payment | /mo
8 Beds
10,627 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25071028
Bedrooms 8
Lot Size 10,627 Sqft
Property Sub-Type Res Income 2-4 Units
Property 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!
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Head west on Chalmers Dr then make a right on to Shenandoah St.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 4
Level or Stories 4
Others
Senior Community No
Tax ID 4333013030
Acceptable Financing Cash
Listing Terms Cash
Listed by Austin Zahn Lyon Stahl Investment Real Estate, Inc.
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