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1906 S Shenandoah St 10 Unit Apartment Building $2,600,000 ($260,000/Unit) 5.54% Cap Rate Los Angeles, CA 90034
INVESTMENT HIGHLIGHTS
- Located in the highly desirable Palms neighborhood on the Westside, offering quick access to Culver City, Century City, Beverly Hills, Santa Monica
- Palms is among LA’s most consistently high-demand rental submarkets—densely populated, highly walkable, commuter-friendly
- Desirable configuration of 6 one-bedroom and 4 twobedroom units, several featuring private balconies
EXECUTIVE SUMMARY
S Shenandoah Street is a well-constructed, mid-rise 10-unit property built in 1962. It stands out with its desirable configuration of six one-bedroom and four two-bedroom units — offering flexibility for lease-up strategies and future rent growth. Several units include private balconies, enhancing tenant appeal and lease-up velocity. The site is tailored to families and professionals who want more space but still desire Westside convenience. The building backs to single-family homes on the north side and sits just south of Sawyer Avenue, delivering enhanced privacy, lower exposure to through traffic and an elevated residential feel in this dense Westside node.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $260,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.54% | Building Size | 8,456 SF |
| Gross Rent Multiplier | 11.14 | Average Occupancy | 97% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | RD2, Los Angeles | ||
| Price | $2,600,000 |
| Price Per Unit | $260,000 |
| Sale Type | Investment |
| Cap Rate | 5.54% |
| Gross Rent Multiplier | 11.14 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,456 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1/1,000 SF |
| Zoning | RD2, Los Angeles |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,871 | 650 - 800 |
| 2+1 | 2 | $1,360 | 650 |
| 2+1.5 | 2 | $2,135 | 800 |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 4302-021-012 | Total Assessment | $1,421,779 (2025) |
| Land Assessment | $1,066,339 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $355,440 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4302-021-012
Land Assessment
$1,066,339 (2025)
Improvements Assessment
$355,440 (2025)
Total Assessment
$1,421,779 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1906 S Shenandoah St
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