1526 S Shenandoah St
Los Angeles, CA 90035
Multifamily Property For Sale · 8 Units

Azzi Advisors of Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 1526 South Shenandoah Street, an eight-unit multifamily investment opportunity located in the supply constrained Pico-Robertson submarket of Los Angeles. The property features 11,400 square feet of gross rentable area, situated on a 6,501-square foot lot. The eight-unit building is composed of all two-bedroom/two-bathroom units. The building is well-maintained and offers parking for tenants. Pico-Robertson is a high density rental market adjacent to Beverly Hills, Century City, Beverlywood, Miracle Mile, Carthay Square, Mid-City, and West Hollywood. These surrounding areas are major employment centers for the demographic that resides in Pico-Robertson, making it a very commutable area for its residents. The property itself is walking distance to Pico Boulevard, which hosts a diversity of restaurants and International Mediterranean super markets. With a population of 47,930 residents in just slightly over 1 square mile, Pico-Robertson is among the highest densities in the city and county of Los Angeles. Residents are largely college-educated with a median household income of $82,126 and many earn between $50,000 and $100,000.