858 S Shenandoah ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90035
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25071028
Year Built 1963
Lot Size 10,627 Sqft
Property Description
Prime investment opportunity at 858 S Shenandoah St, Los Angeles, CA 90035-a 12-unit gem just one block from Beverly Hills! This well-maintained property features spacious 2-bedroom, 2-bathroom units, each averaging over 1,600 sq. ft., offering an exceptional living experience. Residents also benefit from 24 subterranean parking spaces, providing secure and convenient parking in a high-demand area.Situated in the heart of Pico-Robertson, one of LA's most desirable rental markets, the property is just minutes from Beverly Hills, The Grove, Miracle Mile, Century City, and West Hollywood. Residents enjoy easy access to high-end shopping, acclaimed dining, and top-tier entertainment, as well as major employment hubs like Cedars-Sinai Medical Center and Century City's business district. This property currently operates at a 4.18% cap rate with a 16.01 GRM, offering a solid investment foundation with 35% upside in rents. With rental adjustments, the pro-forma financials project a 6.30% cap rate and an 11.86 GRM, making this a rare opportunity for investors to maximize returns in one of LA's most coveted neighborhoods. Strong rental demand, an unbeatable location, and significant upside potential make 858 S Shenandoah St a prime long-term asset!
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Interior
Laundry Laundry Area
Exterior
Garage Spaces 24.0
Pool None
Building
Water District - Public
Others
Special Listing Condition Not Applicable