1140 South Shenandoah Street
1140 South Shenandoah Street
$1,950,000
4
2
3,022
3,022
$645
Description
Attention all developers, remodelers & multi-unit investors! Exciting opportunity in a prime location! This two-story duplex, nestled on a 6,384 sq. ft. lot zoned {Q}-LA-R3-O and under TOC Tier 2 (Transit Oriented Communities), offers immense potential. Each unit, comprising 2 beds and 1 bath, currently houses tenants with rents of $2,720/month and $1,665/month, respectively. This property also boasts an exceptional Pedestrian Friendly rating of 9.6 out of 10, highlighting its accessibility and appeal...Attention all developers, remodelers & multi-unit investors! Exciting opportunity in a prime location! This two-story duplex, nestled on a 6,384 sq. ft. lot zoned {Q}-LA-R3-O and under TOC Tier 2 (Transit Oriented Communities), offers immense potential. Each unit, comprising 2 beds and 1 bath, currently houses tenants with rents of $2,720/month and $1,665/month, respectively. This property also boasts an exceptional Pedestrian Friendly rating of 9.6 out of 10, highlighting its accessibility and appeal to a wide tenant base. The true value lies in its future possibilities: Plans have been submitted for final approval and will be RTI within a short period for a transformative 14,000 sq. ft., 4-story apartment building with 26 affordable housing units, promising a significant transformation and lucrative investment opportunity. This lot is ripe for various ventures, including renovation for rental upside, ground-up development of the approved 26-unit affordable housing apartment complex, condominium & small lot subdivision projects, as well as additions of ADUs. The R3 zoning offers flexibility, allowing developers to explore other variances with the city of Los Angeles as applicable. Buyer is advised to conduct thorough due diligence and verify all remodel & development possibilities. This is not just a property; it's a gateway to a multitude of lucrative opportunities in one of the most sought-after areas. Seize this rare chance to invest in a property that promises not just a return on investment, but also a significant contribution to the urban landscape of one of the most sought-after neighborhoods.
- Listed by Michael Rabbani • DRE #01942087 • Brokerage DRE #00858724 • Rodeo Realty
Property Details for 1140 South Shenandoah Street
Zoning
LAR3
Parcel Number4332019009
Total Units2.0
Living Area3022
Source Living AreaVendor Enhanced
AreaBeverly Center-Miracle Mile (C19)
Vacancy Rate0
Lot Size Area6386
Location
LISTING UPDATED: 12/14/2023 12:01 AM
Property Details for 1140 South Shenandoah Street
Status | Active |
---|---|
MLS # | 23-337525 |
Days on Market | 147 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1933 |
Lot Size | 0.15 AC / 6,386 SF |
County | Los Angeles County |
Location
Building Information for 1140 South Shenandoah Street
Stories2Residences-Year Built1933Building Size-Lot Size0.15 AC / 6,386 SF
Payment Calculator
$12,463 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1140 South Shenandoah Street
Property History for 1140 South Shenandoah Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1140 South Shenandoah Street
Taxable ValueLand$1,249,500Additions$535,500Total$1,785,000
Tax Record2023$21,846 ($1,821 / month)
Home Facts
Total Finished SqFt3,022 SqFtAbove Grade Finished SqFt3,022 SqFtLot Size6,384 SqFtStyleDuplexYear Built1933ZoningLAR3CountyLOS ANGELESAPN4332-019-009
Schools near 1140 South Shenandoah Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Canfield Avenue Elementary School PublicK to 5 | ||
Daniel Webster Middle School Public6 to 8 | ||
Alexander Hamilton Senior High School Public9 to 12 | ||
Los Angeles Center For Enriched Studies Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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