Description
We are proud to present these 6 units located at 2011 S Shenandoah Street in Los Angeles, California. Built in 1948, the property sits on 8,694 square feet of land with 5,104 square feet of rentable area and consists of 4- one bed / one bath, 1- two bed /one bath unit, and 1- two bed / 1 bath house.Although this opportunity would be classified as a Value Add since there is over 30% upside in rental income, the Seller has already renovated most of the major systems of the property, which will allow a value add buyer to raise rents overtime, without having to worry about significant deferred maintenance. In the past 7 years, the Seller has renovated the following: New roofs, all new copper plumbing, two brand new kitchens, added laundry area, replaced the windows, repainted the exterior stucco and wood, replanted eaves, main water valve replaced, and added many security items such as new cameras, new fire detectors, and replaced the surrounding gates.
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8BEDS
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0.2ACRES
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0BATHS
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01/2 BATHS
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5,104SQFT
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$377$/SQFT
School Ratings & Info
Description
We are proud to present these 6 units located at 2011 S Shenandoah Street in Los Angeles, California. Built in 1948, the property sits on 8,694 square feet of land with 5,104 square feet of rentable area and consists of 4- one bed / one bath, 1- two bed /one bath unit, and 1- two bed / 1 bath house.Although this opportunity would be classified as a Value Add since there is over 30% upside in rental income, the Seller has already renovated most of the major systems of the property, which will allow a value add buyer to raise rents overtime, without having to worry about significant deferred maintenance. In the past 7 years, the Seller has renovated the following: New roofs, all new copper plumbing, two brand new kitchens, added laundry area, replaced the windows, repainted the exterior stucco and wood, replanted eaves, main water valve replaced, and added many security items such as new cameras, new fire detectors, and replaced the surrounding gates.
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.