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1026 S Shenandoah St
For Sale $2,495,000 ($471.29 per Sq Ft)
$2,495,000 ($471.29 per Sq Ft)
- 6 Units
- 5,294 Sq Ft
- 7,055 Sq Ft
- Unknown Cap Rate
Description
Pride of ownership, this 6 unit building consisting of two 2/2, and four 1/1 units. It is located in the Pico-Robertson area, west of La Cienega Blvd. This area is highly desirable as tenants are easy to find. The building has been professionally maintained with a majority of the units collecting top of market rental income. Most of the units have real hardwood floors, shaker cabinets, granite countertops, updated kitchens, bathrooms, and closets. Additionally, it has 6 covered parking spaces with storage in the back, a community laundry room-space for possible ADU addition. The building currently has a 14.6 GRM and 4.3% cap rate.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,495,000 |
| Property Type | Multi-Family |
| Usable Sqft | 5,294 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1954 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4332020008 |
| MLS # | 25541629 |
| Property ID | 291518856 |
| Lot Sqft | 7,055 |
| Zoning | LAR3 |
| Total Units | 6 |
| Days on Market | 35 |
| Original List Price | $2,495,000 |
| Date Updated | June 03, 2025 |
| Date Created | May 20, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 2.00 | $3,028 | $3,250 |
| Unit #2 | 2 | 2.00 | $2,869 | $3,250 |
| Unit #3 | 1 | 1.00 | $1,989 | $2,150 |
| Unit #4 | 1 | 1.00 | $2,150 | $2,150 |
| Unit #5 | 1 | 1.00 | $2,350 | $2,350 |
| Unit #6 | 1 | 1.00 | $1,645 | $2,150 |
| Gross Income (Yr) | $ 170,678 |
| Operating Expenses | $ 62,594 |
| Net Income (Yr) | $ 108,084 |
| Cap Rate | 4.30% |
Listing Provided By
Jose Angel De La Garza an agent of The Collective Realty. Lic #00832730
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