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1421 S Shenandoah St 6 Unit Apartment Building $1,995,000 ($332,500/Unit) 4.81% Cap Rate Los Angeles, CA 90035
EXECUTIVE SUMMARY
Presenting 1421 S Shenandoah St, a well-maintained six-unit multifamily property located in the highly desirable Pico-Robertson area of Los Angeles. The property offers a highly desirable unit mix of (1) 3-bedroom/2-bathroom, (2) 2-bedroom/2-bathroom, (1) 2-bedroom/1-bathroom, and (2) 1-bedroom/1-bathroom units—providing an ideal balance for both investors and tenants. Key upgrades include completion of the required soft-story seismic retrofit and replacement of Pacific Federal electric subpanels, ensuring long-term safety and reliability. Situated in a prime central location near Beverly Hills, Century City, and the vibrant dining and shopping options along Pico Blvd, this property offers strong rental demand and long-term appreciation potential.
PROPERTY FACTS
| Price | $1,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $332,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.81% | Building Size | 5,894 SF |
| Gross Rent Multiplier | 12.95 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 2.04/1,000 SF |
| Zoning | [Q]R3-1-O | ||
| Price | $1,995,000 |
| Price Per Unit | $332,500 |
| Sale Type | Investment |
| Cap Rate | 4.81% |
| Gross Rent Multiplier | 12.95 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,894 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 2.04/1,000 SF |
| Zoning | [Q]R3-1-O |
AMENITIES
UNIT AMENITIES
- Dishwasher
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,895 | 750 |
| 2+1 | 1 | $1,895 | 1,025 |
| 2+2 | 1 | $2,132 | 1,025 |
| 3+2 | 1 | $2,172 | 1,315 |
| 2+2 | 1 | $2,350 | 1,025 |
| 2+1 | 1 | $2,395 | 1,025 |
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Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 4303-010-033 | Improvements Assessment | $150,325 |
| Land Assessment | $73,493 | Total Assessment | $223,818 |
PROPERTY TAXES
Parcel Number
4303-010-033
Land Assessment
$73,493
Improvements Assessment
$150,325
Total Assessment
$223,818
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1421 S Shenandoah St
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