Homes for sale - 858 S Shenandoah ST, Los Angeles, CA 90035

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Austin Zahn • Lyon Stahl Investment Real Estate, Inc.

$6,829,000

Est. payment - /mo

10,627 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSB25071028

Originating Board California Regional MLS

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

Tax ID 4333013030

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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858 S Shenandoah ST Los Angeles, CA 90035

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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