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1220 S Shenandoah St Los Angeles, CA 90035

$2,300,000 Sold Price as of 06/07/2019

22 Beds
22 Baths
4,666 Sq.Ft.

Sold

$2,300,000 Sold Price as of 06/07/2019 Refinance Your Mortgage

Map preview of 1220 S Shenandoah St, Los Angeles, CA 90035

Property Overview: 1220 S Shenandoah St Los Angeles, CA has 22 bedrooms, 22 bathrooms, 4,666 living square feet and 6,389 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Charming six-unit building in booming Pico/Robertson rental market. All units were remodeled in 2016 with new kitchens and baths and central air conditioning and new exterior and interior paint. In addition to five one bedroom one bath units, there is a large two bedroom unit with a den that could be used as a third bedroom. There is a parking garage at the rear of the building and a large laundry room. Property can be delivered vacant at close of escrow.Property can be purchased separately or as part of a portfolio with 1119 S. Rexford Dr. Los Angeles and 153 S. Bedford Dr., Beverly Hills.

Listed by Larry Siegel | BRE #01378062 | Citadel Realty Advisors Inc

Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 116

Home details

Lot Sq. Ft: 6,389
HOA Dues: $0/mo
Year built: 1954
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 18409082
City: Los Angeles
County: Los Angeles
Time on Site: 1220 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,850
Total Rent: $2,850
Pro Forma/Market Rent: $3,200

Unit Breakdown 2

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,950
Total Rent: $1,950
Pro Forma/Market Rent: $1,995

Unit Breakdown 3

# of Units: 3
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,875
Total Rent: $1,950
Pro Forma/Market Rent: $1,995

Unit Breakdown 4

# of Units: 4
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,950
Total Rent: $1,950
Pro Forma/Market Rent: $1,995

Unit Breakdown 5

# of Units: 5
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,700
Total Rent: $1,700
Pro Forma/Market Rent: $1,995

Unit Breakdown 6

# of Units: 6
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,950
Total Rent: $1,950
Pro Forma/Market Rent: $1,995

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.1%
Gross Rent Multiplier: 0
Gross Scheduled Income: --
Net Operating Income: $99,980
Gross Operating Income: $148,800
Improvements Total: $484,500

Annual Expense Breakdown

Total Operating Expense: --
Electric: $170
Trash: $2
Insurance: $2,500
Maintenance: $3,000
Professional Management: $6,500
Water/Sewer: $3,600

Property Details for 1220 S Shenandoah St

Interior Features

Cooling Information

Has Cooling
Central Air

Laundry Information

Has Laundry
Dryer Included

Kitchen Information

Has Appliances
Disposal, Refrigerator, Dishwasher

Lot Details / Garage and Parking

Property Information

Total # of Units: 6
Parcel Number: 4332019040

Location / Neighborhood

Location Information

Directions: North of Pico, two blocks East of Robertson. Four blocks from Beverly Hills.

View more facts & features

Local Los Angeles Agent

Sale History for 1220 S Shenandoah St

Last sold for $2,225,000 on June 7th, 2019

June, 2019
Jun 10, 2019

Date

Sold

CRMLS: 18409082

$2,300,000

Price
Mar 8, 2019

Date

Pending

CRMLS: 18409082

$2,450,000

Price
Nov 19, 2018

Date

Active

CRMLS: 18409082

$2,450,000

Price
June, 2019
Jun 7, 2019

Date

Sold (Public Records)

Public Records

$2,225,000

Price
September, 2015
Sep 17, 2015

Date

Sold (Public Records)

Public Records

$2,225,000

Price

Tax History for 1220 S Shenandoah St

Assessed Value (2020): $2,269,500

Year	Land Value	Improved Value	Assessed Value
2020	$1,759,500	$510,000	$2,269,500

Home Value Compared to the Market

This property vs the competition

1220 S Shenandoah St sold on June 7, 2019 for 105.88% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $525.08 per/sqft which puts the price per square foot 30.45% lower than the current median sale per square foot for the city of Los Angeles.

About 1220 S Shenandoah St

Detailed summary of property

1220 S Shenandoah St is a multi family that recently sold in Los Angeles, CA 90035. This multi family property offered 22 bedrooms, 22 bathrooms, roughly 4,666 living square feet, and sits on an approximately 6,389 square foot lot. 1220 S Shenandoah St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,300,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 105.88% higher than the current median priced home. Local homes that are currently for sale include 1118 Hi Point St, 6626 W 6th St and 6446 W 6th St. While the average home in Los Angeles, CA is selling in 94 days, 1220 S Shenandoah St has a days on market of 116 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1220 S Shenandoah St Los Angeles, CA 90035 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1220 S Shenandoah St

Public county record property details

Beds: 7
Baths: 7
Year built: 1954
Sq. Ft.: 4,666
Lot Size: 6,389
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 20
APN: 4332-019-040

The source for these homes facts are from public records.

90035 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,225,000

Median List Price/Sq.Ft.

$784

Median Sold Price

$1,465,000

Median Sold Price/Sq.Ft.

$843

Total Inventory

Median Sale to List Price %

104.64%

Avg Days on Market

Loan Type

Conventional (15.38%), FHA (0%), VA (0%), Cash (23.08%), Other (7.69%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.