2406 South Shenandoah Street

Los Angeles, CA 90034

$1,725,000
Price
4
Beds
5
Baths
3,150 Sq. Ft.
$548 / Sq. Ft.
3,150
Sq. Ft.
$548
per Sq. Ft.

Description

Owner Occupy eviction moratorium is officially lifted! This gorgeous 4-unit Multi-family asset is located in Palms, West Los Angeles. The Property boasts a desirable unit mix of one(1) two-bedroom front house, two(2) one-bedroom units and one(1) studio. The front house has wonderful flow with vaulted ceilings and an open concept kitchen that feels very spacious. The front entrance patio opens up to a Japanese zen-style garden. There is also a separate entrance back patio with large bench seating...Owner Occupy eviction moratorium is officially lifted! This gorgeous 4-unit Multi-family asset is located in Palms, West Los Angeles. The Property boasts a desirable unit mix of one(1) two-bedroom front house, two(2) one-bedroom units and one(1) studio. The front house has wonderful flow with vaulted ceilings and an open concept kitchen that feels very spacious. The front entrance patio opens up to a Japanese zen-style garden. There is also a separate entrance back patio with large bench seating perfect for guests. The owners previously lived in the building and you can feel the care and high end quality craftsmanship they invested into the unit. This outstanding craftsmanship does not just stop in the owners unit, as even the common area courtyard consists of carefully crafted carpentry throughout. A Savvy investor can also add an Accessory Dwelling Unit(ADU) in the vacant 2 car garage currently used for owner storage. This is an extremely well maintained property and still a true value add investment with over 40% upside in the current rents. This is a great entry level investment that qualifies for attractive low down payment Residential Financing. Reside in one unit and collect income from the remaining units now that the owner/user eviction moratorium is officially lifted. Please do not disturb the tenants. All showings will be subject to an accepted offer. This property is subject to LA city rent control. Buyer to verify legality of units and actual square footage.
  1. Listed by Chase Simonton • DRE #01766871 • RE/MAX One
  2. Listed by Robert Carlile • DRE #02066811 • RE/MAX One

Property Details for 2406 South Shenandoah Street

Zoning
LARD2
Parcel Number
4301019015
Total Units
4.0
Living Area
3150
Source Living Area
Owner
Area
Beverlywood Vicinity (C09)
Vacancy Rate
0
Lot Size Area
7000

Location

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871; RE/MAX One, Robert Carlile, DRE #02066811
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LISTING UPDATED: 03/01/2023 10:17 AM

Property Details for 2406 South Shenandoah Street

StatusActive
MLS #22-178217
Days on Market256
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1939
Lot Size0.16 AC / 7,000 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX One, Chase Simonton, DRE #01766871; RE/MAX One, Robert Carlile, DRE #02066811
Add your commute

Building Information for 2406 South Shenandoah Street

Stories2Residences-Year Built1939Building Size-Lot Size0.16 AC / 7,000 SF

Payment Calculator

$9,326 per month

30 year fixed, 6.73% Interest

Principal and Interest

$8,932

Property Taxes

$394

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2406 South Shenandoah Street

Community / Development
    Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
    Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Multifamily
  • Water Heaters: Yes
Contract Info
    Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
    Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $98,400
  • Net Operating Income: $56,576.00
  • Gross Income: $98,400
  • Cap Rate: 3.28%
  • Gross Rent Multiplier: $17.53
  • Total Annual Expense: 38873
Land / Lot Info
    Land / Lot Info
  • Lot Acreage: 0.1607
  • Lot Size Square Feet: 7000
Parking Details
    Parking Details
  • Parking Garage: Carport, Driveway, Garage - 2 Car
  • Total Parking: 5
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 2
  • Carport Spaces Total: 1
  • Parking Features: Carport, Driveway, Garage - Two Door
Interior Features
    Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Built-Ins
  • Common Walls: Attached
Exterior Features
    Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
    Lease Terms
  • Entry Date: 07-13-2022
Unit Details
    Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
    Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
    Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
    Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $1,300.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
    Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
    Tax and Assessed Info
  • Assessed Improvement Value: $66,736.00
  • Assessed Improvement Percent: 18.45
  • Assessed Land Value: $295,025.00
  • Assessed Land Percent: 81.55
  • Assessed Total Value: $361,761.00

Property History for 2406 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 2406 South Shenandoah Street

Taxable ValueLand$300,925Additions$68,070Total$368,995
Tax Record2022$4,724 ($394 / month)
Home Facts
Total Finished SqFt2,560 SqFtAbove Grade Finished SqFt2,560 SqFtLot Size7,000 SqFtStyleQuadraplexYear Built1939ZoningLARD2CountyLOS ANGELESAPN4301-019-015

Schools near 2406 South Shenandoah Street

This home is within Los Angeles Unified School District.
RatingSchoolTypeGradesDistance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
RatingSchoolDistance
Shenandoah Street Elementary School
PublicK to 5

Alexander Hamilton Senior High School
Public9 to 12

Cheviot Hills Continuation School
Public9 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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2406 South Shenandoah Street is a multi-family home for sale in Los Angeles, CA 90034. This property was listed for sale on July 13, 2022 by RE/MAX One at $1,725,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Shenandoah Street Elementary School, Mark Twain Middle School and World Languages Magnet and Alexander Hamilton Senior High School. 2406 South Shenandoah Street is a 4-bed, 5-bath, 3,150 sqft multi-family home built in 1939.

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 RE/MAX One, Chase Simonton, DRE #01766871; RE/MAX One, Robert Carlile, DRE #02066811

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association 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 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.