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2406 S Shenandoah Street

Los Angeles (City), CA 90034
  • $1,895,000
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: 22178217
UPDATED: 22 min ago
$1,895,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1939
County:

School Ratings & Info

Listing Agent(s): Chase Simonton of Re/Max One (818-366-3300) and Robert Carlile of Re/Max One(818-346-7362)


Description

This gorgeous 4-unit Multi-family asset is located in Palms, West Los Angeles. The Property boasts a desirable unit mix of one(1) two-bedroom front house, two(2) one-bedroom units and one(1) studio. The front house has wonderful flow with vaulted ceilings and an open concept kitchen that feels very spacious. The front entrance patio opens up to a Japanese zen-style garden. There is also a separate entrance back patio with large bench seating perfect for guests. The owners previously lived in the building and you can feel the care and high end quality craftsmanship they invested into the unit. This outstanding craftsmanship does not just stop in the owners unit, as even the common area courtyard consists of carefully crafted carpentry throughout. A Savvy investor can also add an Accessory Dwelling Unit(ADU) in the vacant 2 car garage currently used for owner storage. This is an extremely well maintained property and still a true value add investment with over 40% upside in the current rents. This is a great entry level investment that qualifies for attractive low down payment Residential Financing. Please do not disturb the tenants. All showings will be subject to an accepted offer. This property is subject to LA city rent control. Buyer to verify legality of units and actual square footage.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T16:29:24.007. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/130841250
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2406 S Shenandoah Street Los Angeles (City), CA 90034

  • Price: $1,895,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 22 min ago
  • ID#: 22178217
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1939
Built
Neighborhood:
C09 - Beverlywood Vicinity
County:
Los Angeles
Area:
C09 - Beverlywood Vicinity
Property Description
This gorgeous 4-unit Multi-family asset is located in Palms, West Los Angeles. The Property boasts a desirable unit mix of one(1) two-bedroom front house, two(2) one-bedroom units and one(1) studio. The front house has wonderful flow with vaulted ceilings and an open concept kitchen that feels very spacious. The front entrance patio opens up to a Japanese zen-style garden. There is also a separate entrance back patio with large bench seating perfect for guests. The owners previously lived in the building and you can feel the care and high end quality craftsmanship they invested into the unit. This outstanding craftsmanship does not just stop in the owners unit, as even the common area courtyard consists of carefully crafted carpentry throughout. A Savvy investor can also add an Accessory Dwelling Unit(ADU) in the vacant 2 car garage currently used for owner storage. This is an extremely well maintained property and still a true value add investment with over 40% upside in the current rents. This is a great entry level investment that qualifies for attractive low down payment Residential Financing. Please do not disturb the tenants. All showings will be subject to an accepted offer. This property is subject to LA city rent control. Buyer to verify legality of units and actual square footage.
Exterior Features

Carport Spaces 1 Carport YN Yes Parking Features CarportDoor-MultiDrivewayGarage Parking Total 5

Interior Features

Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Garage YN Yes Gross Income 98400 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 54451 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lard2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T16:29:24.007. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
 
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): Chase Simonton of Re/Max One (818-366-3300) and Robert Carlile of Re/Max One(818-346-7362)