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855 S Shenandoah St 4 Unit Apartment Building £2,037,558 (£509,389/Unit) 3.50% Net Initial Yield Los Angeles, CA 90035
INVESTMENT HIGHLIGHTS
- located less than 300 yards from city of Beverly Hills
- there are architectural plans for 2 ADU units upon request
- 1 Upper Unit delivered vacant
EXECUTIVE SUMMARY
Partners CRE is proud to exclusively for sale, a rare opportunity to acquire a 4-unit apartment building located less than 300 yards from the City of Beverly Hills! (1 Upper Unit Delivered Vacant!!) The units are all huge with 2 spacious bedrooms, dining room, classic living room and oak hardwood floors. This well-maintained property exudes curb appeal with its elegant stucco exterior, red-tiled roof, and lush landscaping. Situated in a prime, central location, residents will enjoy the convenience of being close to top shopping, dining, and entertainment destinations, while also benefiting from easy access to major thoroughfares. La Cienega Park and Tennis Center are just a few blocks away. ALSO Two ADU's are already designed and approved by the City with construction permits ready to be issued. This would add about $50,000 per year in additional income! Excellent investment opportunity in one of LA's most desirable locations.
PROPERTY FACTS
| Price | £2,037,558 | Property Type | Build-to-Rent |
| Price Per Unit | £509,389 | Property Subtype | Apartment |
| Sale Type | Investment | Costar Property Class | C |
| Yield | 3.50% | Total Plot Size | 0.15 ac |
| Sale Condition | 1031 Exchange | Property Size | 5,340 sq ft |
| Gross Rent Multiplier | 18.53 | No. Floors | 2 |
| No. Units | 4 | Year Built | 1931 |
| Use Class | LAR3 - restricted Density Multiple Dwelling | ||
| Price | £2,037,558 |
| Price Per Unit | £509,389 |
| Sale Type | Investment |
| Yield | 3.50% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 18.53 |
| No. Units | 4 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Costar Property Class | C |
| Total Plot Size | 0.15 ac |
| Property Size | 5,340 sq ft |
| No. Floors | 2 |
| Year Built | 1931 |
| Use Class | LAR3 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer
- Refrigerator
- Oven
- Range
- Tub/Shower
- Family Room
- Vacuum System
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 2+1.5 | 2 | - | - |
| 2+2 | 2 | - | - |
1 1
Walk Score®
Excellent pedestrian access (90)
PROPERTY TAXES
| Parcel Number | 4333-014-034 | Improvements Assessment | £186,529 |
| Land Assessment | £274,434 | Total Assessment | £460,963 |
PROPERTY TAXES
Parcel Number
4333-014-034
Land Assessment
£274,434
Improvements Assessment
£186,529
Total Assessment
£460,963
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855 S Shenandoah St
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