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1937 S Shenandoah St 11 Unit Apartment Building $2,995,000 ($272,273/Unit) 6.23% Cap Rate Los Angeles, CA 90034
Investment Highlights
- Value-Add Opportunity
- Gated Control Access
- Multi-Camera Security
- Garage Parking
- On Site Laundry Extra Income
Executive Summary
The Agency is proud to present: 1937 S. Shenandoah Street. A well-maintained 11-unit multifamily property in the highly desirable Pico-Robertson neighborhood, just minutes from Kaiser-Permanente. The property offers a sophisticated investor a compelling value-add opportunity, featuring two vacant units, significant rental upside, and strong long-term appreciation. The property includes a garage with potential for ADU conversion (buyer to verify), ample parking, and a well-balanced unit mix, further enhancing its upside. Situated in a prime central location near Beverly Hills, Century City, and the vibrant dining and shopping along Robertson Boulevard, the property benefits from strong rental demand, immediate cash flow, and long-term appreciation potential.
Property Facts In Escrow
| Price | $2,995,000 | Building Class | C |
| Price Per Unit | $272,273 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 12,478 SF |
| Cap Rate | 6.23% | Average Occupancy | 95% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.55/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 - Residential | ||
| Price | $2,995,000 |
| Price Per Unit | $272,273 |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 12,478 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | LARD1.5 - Residential |
Amenities
Unit Amenities
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 8 | - | - |
| 2+1 | 2 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4302-020-028 | Improvements Assessment | $1,634,260 |
| Land Assessment | $2,451,390 | Total Assessment | $4,085,650 |
Property Taxes
Parcel Number
4302-020-028
Land Assessment
$2,451,390
Improvements Assessment
$1,634,260
Total Assessment
$4,085,650
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1937 S Shenandoah St
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