2011 South Shenandoah Street

We are pleased to present the opportunity to acquire 2011 S. Shenandoah Street, a 6-unit apartment building located in the La Cienega Heights neighborhood of Mid-City Los Angeles, just blocks away from prime Beverlywood. Built in 1948, the property consists of three separate structures and features one 2Bed/1Bath Single Family Home, one 2 Bed/1Bath unit, and four 1Bed/1Bath. The property spans roughly 5,104 square feet of living space and sits on a large 8,695 square foot lot, zoned RD1.5, with plenty of trees and landscaping. The property features an on-site laundry facility and parking comprised of four private one-car garages and five surface parking spaces for a total of nine parking spaces. Rental increases for February 1st, 2024, have already been delivered to tenants and the gross monthly rent will be $12,700, leaving an additional 20%+ of rental upside for a new investor to realize in the future. In addition, an investor can investigate converting the on-site laundry facility and private garages into ADU's (Buyer to Verify). Located east of Robertson Blvd and north of Cadillac Ave, this property is centrally located near synagogues, and retail that includes local coffee shops, bakeries, restaurants, Target, Smart & Final, Ross, LA Fitness, and plenty more. Additionally, the property is 1 block from Shenandoah Street Elementary School, 7 blocks away from Kaiser Permanente Medical Center, and a short distance from both LACES Magnet School and Hamilton High School. For tenants that are commuters, the entrance to the I-10 freeway is only 3 minutes away and provides tenants ease of access to the 405 Freeway and throughout all of Los Angeles. Nearby neighborhoods that tenants may work in or enjoy amenities at include Culver City, Pico-Robertson, Palms/Mar Vista, Beverly Hills, and Beverlywood.