1947 S Shenandoah St - Apartments FOR SALE


Los Angeles, CA 90034
$1,900,000 USD
310-776-0564
1947 S Shenandoah St, Los Angeles, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/20
null | 4.84% Cap Rate

1947 S Shenandoah St
Los Angeles, CA 90034


HIGHLIGHTS

  • Incredibly low cost basis of $190,000 per unit for prime Palms
  • Long term family ownership, professionally managed
  • Horizontal plumbing repiped with copper
  • Enormous rental upside potential
  • On-site parking for 10 vehicles

OVERVIEW

Rob Renshaw of RE/MAX Commercial & Investment Realty is pleased to offer for sale an incredible multifamily asset located at 1947 S Shenandoah St. 1947 S Shenandoah is a 10-unit apartment building located in the highly coveted Palms submarket on LA's Westside. The property was built in 1954 and comprises (9) 1-bedroom units and (1) studio unit. Gross square footage of the building is 6,816, while the parcel itself covers 8,703 square feet with an RD1.5 zoning designation. There are on-site laundry facilities and assigned parking at the rear of the building. 1947 S Shenandoah is just two blocks east of Robertson Boulevard with its myriad restaurants, coffee shops, stores, and services. The property is also six short blocks west of the Kaiser Permanente West Los Angeles Medical Center. Tenants further have easy access to the 10 and 405 freeways via La Cienega Boulevard allowing short commutes throughout the greater LA area. 1947 S Shenandoah is also within walking distance of many nearby houses of worship. This offering presents the astute investor with a fantastic opportunity to purchase a well-maintained, family-owned asset in a great Westside location at a very reasonable basis with much room for growth.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

10

PRICE/UNIT

$190,000

CAP RATE

4.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,754 SF

ZONING

LARD1.5

APN/PARCEL ID

4302-020-026

ASK ABOUT THIS PROPERTY

Rob RenshawRE/MAX Commercial & Investment RealtyMore Info
310-776-0564

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Rob RenshawRE/MAX Commercial & Investment RealtyMore Info
310-776-0564

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.