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1050 Shenandoah Street
Los Angeles, CA 90035
Sold
1050 Shenandoah Street
Los Angeles, CA 90035
Sold
We are pleased to present the property at 1050 S. Shenandoah Street, Nestled in the coveted Pico Robertson neighborhood of Los Angeles. Conveniently situated between S Robertson Boulevard and La Cienega Boulevard, with W Olympic Boulevard just a short distance to the south, it resides in one of the city's vibrant and affluent areas. The neighborhood's abundance of exquisite dining and entertainment choices adds to its allure for prospective tenants seeking their ideal home. The property offers an attractive unit mix, comprising two 1+1's, two 2+2's, and one spacious 3+2+Den, providing a diverse range of options for a discerning investor. This variety not only mitigates risk but also appeals to a broader tenant base, contributing to the property's long-term value and ensuring a stable and profitable investment. The potential for implementing utility bills back as units are turned presents a favorable opportunity for the new owner. Currently, 3 out of 5 units are already on this program at 1050 S Shenandoah Street, allowing for equitable distribution of utility expenses based on tenants' usage patterns. By continuing this approach, the new owner can foster a responsible and environmentally-conscious living environment while streamlining billing procedures. With both garage and tuck-under parking available at the front of the property, accommodating up to ten (10) cars, it caters to the essential parking needs of tenants in this sought-after neighborhood. This feature is sure to attract tenants willing to pay a premium for their rental units. For savvy investors interested in increasing income through the ADU program, the property's front presents an ideal opportunity. With two existing garages and tuck-under parking, it is perfectly poised for potential conversion to ADU(s) (buyer to verify ADU feasibility).The property benefits from a highly affluent demographic in the surrounding area. Within a 1-mile radius, the average household income (HHI) is an impressive $116,848, while within a 3-mile radius, it rises even higher to $143,242, making it an attractive investment prospect.
PROPERTY INFORMATION
| MLS # | 23295377 | Lot Size | 6,409 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,200,000
Price Per SqFt: $ 355 |
DOM | 638 Days |
| Address | 1050 Shenandoah Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 6,196 Sq. Ft. |
| Postal Code | 90035 | Garage | N/A |
| County | Los Angeles | Year Built | 1958 |
| Bed / Bath | 9 / 0 | Parking | 10 |
| Built In | 1958 | Status | Closed |
| Sold Date | 2023-09-18 |
INTERIOR FEATURES
| Has Heating | No |
| Heating Information | None |
| Has Cooling | No |
| Cooling Information | None |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,347
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/04/2023 | Listed | $2,200,000 |
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Listing provided courtesy of Saadia 'Sam' Liberow, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
