Description
PROPERTY 50% VACANT - 2BR+1.5BA, 2BR+1BA & 1BR+1BA! We are pleased to present the Shenandoah Apartments - a six (6) unit multifamily investment opportunity located in the highly sought after Pico-Robertson District. This wood frame stucco building, built in 1956, consists of 5,894 SF of living area and is situated on a 6,499 SF lot zoned [Q]R3-1-O located in a Tier 3 TOC zone. The subject property presents an incredible value-add opportunity for an investor to renovate the units and bring rents up to market value. The property boasts a phenomenal unit mix of Two (2) One Bed / One Bath units, One (1) Two Bed / One Bath unit, One (1) Two Bed / One and a Half Bath unit, One (1) Two Bed / Two Bath unit, and One (1) Three Bed / Two Bath unit. In addition to providing tenants with Twelve (12) parking spaces, the building also has an on-site laundry room with Seller owned washer and dryer units. Each unit comes with newer appliances, a dish washer, and hard wood and tile flooring.
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11BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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5,894SQFT
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$492$/SQFT
School Ratings & Info
Description
PROPERTY 50% VACANT - 2BR+1.5BA, 2BR+1BA & 1BR+1BA! We are pleased to present the Shenandoah Apartments - a six (6) unit multifamily investment opportunity located in the highly sought after Pico-Robertson District. This wood frame stucco building, built in 1956, consists of 5,894 SF of living area and is situated on a 6,499 SF lot zoned [Q]R3-1-O located in a Tier 3 TOC zone. The subject property presents an incredible value-add opportunity for an investor to renovate the units and bring rents up to market value. The property boasts a phenomenal unit mix of Two (2) One Bed / One Bath units, One (1) Two Bed / One Bath unit, One (1) Two Bed / One and a Half Bath unit, One (1) Two Bed / Two Bath unit, and One (1) Three Bed / Two Bath unit. In addition to providing tenants with Twelve (12) parking spaces, the building also has an on-site laundry room with Seller owned washer and dryer units. Each unit comes with newer appliances, a dish washer, and hard wood and tile flooring.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T16:42:49.067. 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.