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2032 S Shenandoah St, Los Angeles, CA 90034
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2032 S Shenandoah St Los Angeles, CA 90034

$2,500,000 Sold Price as of 10/05/2021
  • 17 Beds
  • 10 Baths
  • 7,159 Sq.Ft.
Sold
$2,500,000 Sold Price as of 10/05/2021 Refinance Your Mortgage
Map preview of 2032 S Shenandoah St, Los Angeles, CA 90034

Property Overview: 2032 S Shenandoah St Los Angeles, CA has 17 bedrooms, 10 bathrooms, 7,159 living square feet and 8,543 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2032 S. Shenandoah Street, a 7-unit multifamily property located in the charming and rapidly developing neighborhood of Pico-Robertson. Situated east of La Cienega Blvd., the subject property is in close proximity to shopping and dining destinations including the revitalized downtown Culver City scene, Miracle Mile, The Grove and Beverly Center. Totaling 7,159 SF in building size spread across two structures, the property is comprised of (1) 4-bdrm. unit, (1) 3-bdrm. unit and (5) 2-bdrm. units. Each bright and spacious unit averages approx. 1,000 SF. The meticulously maintained building requires no seismic retrofitting (buyer to verify) and each unit has been separately metered for gas and electricity. Additionally, the subject property features at least one parking spot per unit. This is a value-add opportunity to investors, as current rents are approx. 27% below market for nicely remodeled units in the area. An investment in 2032 S. Shenandoah allows you to acquire a pride of ownership building in a rental market that is consistently under high demand by young professionals and new households.

Listed by Max Berger | BRE #02054048 | Compass
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
8,543
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21768104
City
Los Angeles
County
Los Angeles
Time on Site
1021 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,875
  • Total Rent: $2,875
  • Pro Forma/Market Rent: $3,195
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,771
  • Total Rent: $1,771
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,040
  • Total Rent: $2,040
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,930
  • Total Rent: $1,930
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,659
  • Total Rent: $1,659
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.31
  • Gross Scheduled Income: --
  • Net Operating Income: $116,009
  • Gross Operating Income: $176,288
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2032 S Shenandoah St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Attached Carport, Parking Space
Property Information
  • Total # of Units: 7
  • Parcel Number: 4302022007
Location / Neighborhood
Location Information
  • Directions: Heading west on Cadillac Avenue, turn right onto S. Shenandoah Street. Subject property is located on your right-hand side.
View more facts & features

Local Los Angeles Agent

Sale History for 2032 S Shenandoah St

Last sold for $2,500,000 on October 5th, 2021

  • October, 2021

  • Oct 7, 2021

    Date

    Sold

    CRMLS: 21768104

    $2,500,000

    Price

  • Aug 9, 2021

    Date

    Active Under Contract

    CRMLS: 21768104

    $2,600,000

    Price

  • Aug 3, 2021

    Date

    Active

    CRMLS: 21768104

    $2,600,000

    Price

  • April, 2021

  • Apr 16, 2021

    Date

    Expired

    CRMLS: 21693780

    $2,750,000

    Price

  • Feb 16, 2021

    Date

    Active

    CRMLS: 21693780

    $2,750,000

    Price

  • Listing provided courtesy of CRMLS

    2032 S. Shenandoah Street, a 7-unit multifamily property located in the charming and rapidly developing neighborhood of Pico-Robertson. The 7,159 SF two-story building sits on a 8,543 SF lot, and is comprised of (2) three-bedroom units and (5) two-bedroom units. Each bright and spacious unit averages approximately 1,000 SF. The meticulously maintained building requires no seismic retrofitting and each unit has been separately metered gas and electricity. Additionally, the subject property features at least one parking spot for each unit. 2032 S. Shenandoah presents a significant value-add opportunity to investors, as current rents are approximately 31% below market value for nicely remodeled units in the area.An investment in 2032 S. Shenandoah allows you to acquire a pride of ownership building (long-term) in a rental neighborhood that is consistently under high-demand by young professionals and new households. Property includes a built in security camera system

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Tax History for 2032 S Shenandoah St

Assessed Value (2020): $419,577
Year Land Value Improved Value Assessed Value
2020 $160,019 $259,558 $419,577

Home Value Compared to the Market

This property vs the competition

2032 S Shenandoah St sold on October 5, 2021 for 118.49% 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 $363.18 per/sqft which puts the price per square foot 51.9% lower than the current median sale per square foot for the city of Los Angeles.

About 2032 S Shenandoah St

Detailed summary of property

2032 S Shenandoah St is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 17 bedrooms, 10 bathrooms, roughly 7,159 living square feet, and sits on an approximately 8,543 square foot lot. 2032 S Shenandoah St was first listed on ArdentRealEstateGroup.com on August 3, 2021. The homeowner sold the property for $2,500,000. 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 118.49% higher than the current median priced home. Local homes that are currently for sale include 3640 Jasmine Ave, 3754 Vinton Ave and 1074 S Genesee Ave. While the average home in Los Angeles, CA is selling in 92 days, 2032 S Shenandoah St has a days on market of 7 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2032 S Shenandoah St Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2032 S Shenandoah St

Public county record property details
Beds
16
Baths
9
Year built
1953
Sq. Ft.
7,159
Lot Size
8,543
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
108
APN
4302-022-007

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,899,000
Median List Price/Sq.Ft.
$925
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
42
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

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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.

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