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2011 S Shenandoah St 6 Unit Apartment Building $2,485,000 ($414,167/Unit) 3.67% Cap Rate Los Angeles, CA 90034
Investment Highlights
- Six-unit multifamily property in La Cienega Heights
- Building size: 5,104 SF | Lot size: 8,697 SF
- Excellent value-add opportunity through renovations and ADU construction
- Unit mix: (2) two-bedroom/one-bath and (4) one-bedroom/one-bath units
- Fully Approved RTI Plans for (2) 900 SF two-bedroom/two-bath ADUs
- Prime residential location with convenient access to employment centers, transit, and amenities
Executive Summary
6 Units + Fully Approved RTI Plans for 2 ADUs in Prime La Cienega Heights. Stiegler | Takahashi Group is proud to present 2011 S Shenandoah Street, a six-unit multifamily property located in the desirable La Cienega Heights neighborhood of Los Angeles. The building is comprised of two spacious two-bedroom, one-bath units and four one-bedroom, one-bath units, totaling 5,104 square feet of living space on an 8,697 square foot lot. The property offers a rare development opportunity with Fully Approved RTI Plans for two additional ADUs, each designed as 900 square foot two-bedroom, two-bath units. In addition, there is the potential to add 4 additional ADU’s in place of the front ground level unit. This asset presents strong value-add potential through unit renovations and ADU construction, creating substantial upside in rental income and long-term appreciation. Ideally situated in a quiet residential pocket with close proximity to major employment centers, transportation, and local amenities, 2011 S Shenandoah Street is a prime investment opportunity in one of Los Angeles’ most dynamic rental markets.
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 | $2,485,000 | Building Class | C |
| Price Per Unit | $414,167 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 5,104 SF |
| Cap Rate | 3.67% | Average Occupancy | 100% |
| Gross Rent Multiplier | 16.19 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1948 |
| Property Type | Multifamily | Parking Ratio | 1.76/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD 1.5 - restricted Density Multiple Dwelling | ||
| Price | $2,485,000 |
| Price Per Unit | $414,167 |
| Sale Type | Investment |
| Cap Rate | 3.67% |
| Gross Rent Multiplier | 16.19 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,104 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.76/1,000 SF |
| Zoning | LARD 1.5 - restricted Density Multiple Dwelling |
Amenities
Site Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,583 | - |
| 1+1 | 4 | $2,030 | - |
1 1
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 4302-018-037 | Total Assessment | $1,363,424 (2025) |
| Land Assessment | $787,601 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $575,823 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
4302-018-037
Land Assessment
$787,601 (2025)
Improvements Assessment
$575,823 (2025)
Total Assessment
$1,363,424 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2011 S Shenandoah St
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