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    2011 S Shenandoah St

    Los Angeles, CA 90034
    • $1,995,000
    • STATUS: Pending
    • ON SITE: 97 days
    • ID#: 20-592090
    Pending
    UPDATED: 55 min ago
    $1,995,000
    • 8
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,104
      SQFT
    • $391
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    We are proud to present these 6 units located at 2011 S Shenandoah Street in Los Angeles, California. Built in 1948, the property sits on 8,694 square feet of land with 5,104 square feet of rentable area and consists of 4- one bed / one bath, 1- two bed /one bath unit, and 1- two bed / 1 bath house.Although this opportunity would be classified as a Value Add since there is over 30% upside in rental income, the Seller has already renovated most of the major systems of the property, which will allow a value add buyer to raise rents overtime, without having to worry about significant deferred maintenance. In the past 7 years, the Seller has renovated the following: New roofs, all new copper plumbing, two brand new kitchens, added laundry area, replaced the windows, repainted the exterior stucco and wood, replanted eaves, main water valve replaced, and added many security items such as new cameras, new fire detectors, and replaced the surrounding gates.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-23T18:43:05.513. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/106928385
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    2011 S Shenandoah St Los Angeles, CA 90034

    • Price: $1,995,000
    • Status: Pending
    • Updated: 55 min ago
    • ID#: 20-592090
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    5,104
    SQFT
    $391
    $/SQFT
    1948
    Built
    Neighborhood:
    Beverlywood Vicinity
    County:
    Los Angeles
    Area:
    Beverlywood Vicinity
    Property Description
    We are proud to present these 6 units located at 2011 S Shenandoah Street in Los Angeles, California. Built in 1948, the property sits on 8,694 square feet of land with 5,104 square feet of rentable area and consists of 4- one bed / one bath, 1- two bed /one bath unit, and 1- two bed / 1 bath house.Although this opportunity would be classified as a Value Add since there is over 30% upside in rental income, the Seller has already renovated most of the major systems of the property, which will allow a value add buyer to raise rents overtime, without having to worry about significant deferred maintenance. In the past 7 years, the Seller has renovated the following: New roofs, all new copper plumbing, two brand new kitchens, added laundry area, replaced the windows, repainted the exterior stucco and wood, replanted eaves, main water valve replaced, and added many security items such as new cameras, new fire detectors, and replaced the surrounding gates.
    Exterior Features

    Lot Size Area 8695 Other Structures Other Parking Garage Driveway Total Parking 6

    Interior Features

    Baths Total 6.00 Cooling Other Equipment Gas Dryer Hookup Heating Other

    Property Features

    Assessed Total Value 433372 Gross Income 121476 Gross Operating Income 117832 Like Units1 4 Like Units2 2 Net Operating Income 74397.00 Number Of Buildings 3 Number Of Units 6 Sale Type Standard Source Living Area Appraiser Source Lot Size Area Vendor Enhanced Total Annual Expense 43434 Type Of Units Standard Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-23T18:43:05.513. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355