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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$6,829,000

Est. payment - /mo

10,628 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25071028

HOA Y/N No

Year Built 1963

Lot Size 10,628 Sqft

Property Sub-Type Apartment

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

Zoning LAR3

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 24.0

Garage Description 24.0

Pool None

Community Features Sidewalks

Total Parking Spaces 24

Private Pool No

Building

Lot Description Rectangular Lot

Story 4

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4333013030

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Read Less Info

Listed by Austin Zahn Lyon Stahl Investment Real Estate, Inc. 310-613-1251

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

10

West Hollywood Elementary

Public | KG - 5
9

Clover Avenue Elementary School

Public | KG - 5
9

Overland Elementary School

Public | KG - 5
9

El Rodeo School

Public | KG - 8
9

Beverly Vista School

Public | KG - 8
9

Canfield Avenue Elementary School

Public | KG - 5
9

Horace Mann School

Public | KG - 8
8

Hawthorne School

Public | KG - 8
8

Castle Heights Elementary School

Public | KG - 5
8

Hancock Park Elementary

Public | KG - 5
8

Melrose Avenue Elementary School

Public | KG - 6
7

Linwood E. Howe Elementary School

Public | KG - 5
7

Baldwin Hills Elementary School

Public | KG - 5
7

Gardner Street Elementary

Public | PK - 5
6

Marvin Avenue Elementary

Public | KG - 5
6

Cienega Elementary School

Public | KG - 5
5

Charnock Road Elementary

Public | KG - 5
5

Shenandoah Street Elementary School

Public | KG - 5
5

Rosewood Avenue Elementary

Public | KG - 5
5

Laurel School

Public | KG - 8

Middle Schools 15

8

Los Angeles Center for Enriched Studies

Public | 6 - 12
7

Palms Middle School

Public | 6 - 8
6

New los Angeles Charter

Public | 6 - 8
6

John Burroughs Middle School

Public | 6 - 8
5

Magnolia Science Academy 6

Public | 6 - 8
4

Magnolia Science Academy 5

Public | 6 - 12
4

Bancroft Middle School

Public | 6 - 8
0

Windward School

Private | 7 - 12
0

Angela's Workshop

Private | 6 - 12
0

Yeshivat Ohr Chanoch

Private | 8 - 12
0

Star Preparatory Academy

Private | 6 - 12
0

Pacific Hills School

Private | 6 - 12
0

Urban Village Middle School

Public | 6 - 8
0

West Hollywood Opportunity

Public | 7 - 12
0

Aviva High School

Private | 7 - 12

High Schools 20

10

Beverly Hills High School

Public | 9 - 12
7

Fairfax High School

Public | 9 - 12
5

Alexander Hamilton High School

Public | 9 - 12
5

Hollywood High School

Public | 9 - 12
1

Dorsey High School

Public | 9 - 12
0

Notre Dame Academy Girls High School

Private | 9 - 12
0

Moreno High (Continuation)

Public | 9 - 12
0

Yula Boys High School

Private | 9 - 12
0

Cheviot Hills Continuation

Public | 9 - 12
0

Yula Girls High School

Private | 9 - 12
0

Mesivta Birkas Yitzchok

Private | 9 - 12
0

Shalhevet High School

Private | 9 - 12
0

Shalhevet School

Private | 9 - 12
0

Harkham-Gaon Acadamy

Private | 9 - 12
0

Whitman Continuation

Public | 9 - 12
0

Shaarei Torah California Rabbinical College

Private | 9 - 12
0

Bais Yaakov School for Girls

Private | 9 - 12
0

Yeshiva Gedolah of los Angeles

Private | 9 - 12
0

View Park Continuation

Public | 9 - 12
0

Yeshiva Ohr Elchonon Chabad - West Coast

Private | 9 - 12

School and business data provided by Attom Data.

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858 S Shenandoah ST Los Angeles, CA 90035