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1421 S Shenandoah St 7 Unit Apartment Building $1,850,000 ($264,286/Unit) 5.19% Cap Rate Los Angeles, CA 90035
Executive Summary
HUGE PRICE REDUCTION! 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 is sold in AS IS condition with no warranties by Seller as to any repairs.
Property Facts
| Price | $1,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $264,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.19% | Building Size | 5,894 SF |
| Gross Rent Multiplier | 12.95 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.36/1,000 SF |
| Zoning | [Q]R3-1-O | ||
| Price | $1,850,000 |
| Price Per Unit | $264,286 |
| Sale Type | Investment |
| Cap Rate | 5.19% |
| Gross Rent Multiplier | 12.95 |
| No. Units | 7 |
| 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 | 1.36/1,000 SF |
| Zoning | [Q]R3-1-O |
Amenities
Unit Amenities
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Gated
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,895 | 750 |
| 2+2 | 3 | $2,241 | 1,025 |
| 2+1 | 1 | $2,395 | 1,315 |
| 3+2 | 1 | $2,173 | - |
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
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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