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855 S Shenandoah St 4 Unit Apartment Building $3,801,875 CAD ($950,469 CAD/Unit) 3.50% Cap Rate 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 | $3,801,875 CAD | Property Type | Multifamily |
| Price Per Unit | $950,469 CAD | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.50% | Lot Size | 0.15 AC |
| Sale Condition | 1031 Exchange | Building Size | 5,340 SF |
| Gross Rent Multiplier | 18.53 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1931 |
| Zoning | LAR3 - restricted Density Multiple Dwelling | ||
| Price | $3,801,875 CAD |
| Price Per Unit | $950,469 CAD |
| Sale Type | Investment |
| Cap Rate | 3.50% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 18.53 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,340 SF |
| No. Stories | 2 |
| Year Built | 1931 |
| Zoning | 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/MO | SF |
|---|---|---|---|
| 2+1.5 | 2 | - | - |
| 2+2 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 4333-014-034 | Improvements Assessment | $353,538 CAD |
| Land Assessment | $520,147 CAD | Total Assessment | $873,685 CAD |
PROPERTY TAXES
Parcel Number
4333-014-034
Land Assessment
$520,147 CAD
Improvements Assessment
$353,538 CAD
Total Assessment
$873,685 CAD
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855 S Shenandoah St
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