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1947 S Shenandoah St
Los Angeles, CA 90034 West Los Angeles

$1,900,000 USD

Apartments For Sale • 6,816 SF

Property Details

Property Type Apartments
Total Building Size 6,816 SF
Lot Size 0.2 AC
Building Class C
Year Built 1954
Cap Rate 4.84 %
Zoning LARD1.5

49 Transit Score

64 Walk Score

                
                    Highlights
                
                                Incredibly low cost basis of $190,000 per unit for prime Palms
                            
                                Long term family ownership, professionally managed
                            
                                Horizontal plumbing repiped with copper
                            
                                Enormous rental upside potential
                            
                                On-site parking for 10 vehicles

Financial Summary (Actual)

Net Operating Income: $91,866 USD (2023)

Cap Rate:	4.84 %
Total Expenses:	$56,528 USD

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	18 min	-	8.7 mi
Bob Hope	29 min	-	15.0 mi
Long Beach (Daugherty Field)	36 min	-	25.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes

Rob Renshaw 310-776-0564 RE/MAX Commercial & Investment Realty

1947 S Shenandoah St Los Angeles, CA 90034 West Los Angeles