Property listed by Lyon Stahl Investment Real Estate, Inc., John Stiegler II 310-447-2213
$2,485,000
6 Units + Fully Approved RTI Plans for 2 ADUs in Prime La Cienega Heights. We are proud to present 2011 S Shenandoah Street, a six-unit multifamily property located in the desirable La Cienega Heights neighborhood of Los Angeles. The building is comprised of two spacious two-bedroom, one-bath units and… Read More four one-bedroom, one-bath units, totaling 5,104 square feet of living space on an 8,697 square foot lot. The property offers a rare development opportunity with Fully Approved RTI Plans for two additional ADUs, each designed as 900 square foot two-bedroom, two-bath units. In addition, there is the potential to add 4 additional ADU’s in place of the front ground level unit. This asset presents strong value-add potential through unit renovations and ADU construction, creating substantial upside in rental income and long-term appreciation. Ideally situated in a quiet residential pocket with close proximity to major employment centers, transportation, and local amenities, 2011 S Shenandoah Street is a prime investment opportunity in one of Los Angeles’ most dynamic rental markets. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
MixedUse
Lot Size
0.2 Acres
Year Built
1948
MLS Number
SB25206796
Additional Details
Building
Built in 1948, 3 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: front
Community
Biking, Curbs, Gutters, StormDrains, Sidewalks
Expenses
Insurance: $6,125, Operating: $57,597
Garage
4 spaces
Home Owner's Association
Association Fee: $0
Income
Gross Income: $153,444, Gross ScheduledIncome: $153,444, Net Operating Income: $91,243
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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