1140 South Shenandoah Street

Los Angeles, CA 90035

$1,950,000
Price
4
Beds
2
Baths
3,022 Sq. Ft.
$645 / Sq. Ft.
3,022
Sq. Ft.
$645
per Sq. Ft.

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.
  1. Listed by Michael Rabbani • DRE #01942087 • Brokerage DRE #00858724 • Rodeo Realty

Property Details for 1140 South Shenandoah Street

Zoning
LAR3
Parcel Number
4332019009
Total Units
2.0
Living Area
3022
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
0
Lot Size Area
6386

Location

Listing Courtesy of Rodeo Realty, Michael Rabbani, DRE #01942087
Add your commute
LISTING UPDATED: 12/14/2023 12:01 AM

Property Details for 1140 South Shenandoah Street

StatusActive
MLS #23-337525
Days on Market147
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1933
Lot Size0.15 AC / 6,386 SF
CountyLos Angeles County

Location

Listing Courtesy of Rodeo Realty, Michael Rabbani, DRE #01942087
Add your commute

Building Information for 1140 South Shenandoah Street

Stories2Residences-Year Built1933Building Size-Lot Size0.15 AC / 6,386 SF

Payment Calculator

$12,463 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,642

Property Taxes

$1,821

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1140 South Shenandoah Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $52,620
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1466
  • Lot Size Square Feet: 6386
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage
  • Total Parking: 0
  • Parking Features: Driveway, Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood
  • Equipment: Dishwasher, Microwave, Ceiling Fan, Refrigerator, Garbage Disposal
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 12-06-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,720.00
  • Unit Actual Rent: $32,640.00
  • Unit Projected Rent: $3,495.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,665.00
  • Unit Actual Rent: $19,980.00
  • Unit Projected Rent: $3,495.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $535,500.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $1,249,500.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $1,785,000.00

Property History for 1140 South Shenandoah Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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1140 South Shenandoah Street is a multi-family home for sale in Los Angeles, CA 90035. This property was listed for sale on December 6, 2023 by Rodeo Realty, it's currently listed at $1,950,000. It has been on the market for a total of 147 days and was last sold on December 1, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Canfield Avenue Elementary School, Daniel Webster Middle School and Alexander Hamilton Senior High School. 1140 South Shenandoah Street is a 4-bed, 2-bath, 3,022 sqft multi-family home built in 1933.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rodeo Realty, Michael Rabbani, DRE #01942087

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.