1534 S Shenandoah Street, Los Angeles, CA 90035

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1534 S Shenandoah Street,Los Angeles, CA 90035
$5,995,000
  • 21 Beds
  • 24 Baths
  • 15,326 sq. ft.
  • Multi-family
  • Active
Listed by: saadia 'sam' liberow
Office: marcus & millichap818-212-2700
MLS#:26661085
Source:CRMLS

Price summary

  • Price:$5,995,000
  • Price per sq. ft.:$391.17

About this home

1534 Shenandoah presents a well-maintained Westside asset with strong in-place financials and clear upside potential. The property offers an attractive 5.76% going-in cap rate, supported by ownership's consistent track record of raising rents and executing tasteful unit renovations upon turnover. A new owner can continue this proven strategy to further enhance income. Additional NOI growth is available through the continued rollout of a utility bill-back program, currently implemented in 13 of the 20 units (65%), allowing for the gradual transfer of utility costs to tenants as units turn. The property also benefits from a highly desirable and diversified unit mix of eleven 1-bedroom/1-bath units, five 2-bedroom/2-bath units, three 1-bedroom/1-bath ADUs, and one 0-bedroom/1-bathroom ADU appealing to a broad tenant base and helping stabilize long-term occupancy. Ideally located in the heart of Pico-Robertson, the asset offers central Westside access to major employment hubs including...

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Home facts

  • Year built:1964
  • Listing ID #:26661085
  • Added:49 day(s) ago
  • Updated:April 25, 2026 at 10:33 AM

Rooms and interior

  • Bedrooms:21
  • Total bathrooms:24
  • Living area:15,326 sq. ft.

Structure and exterior

  • Year built:1964
  • Building area:15,326 sq. ft.
  • Lot area:0.3 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$5,995,000
  • Price per sq. ft.:$391.17

Parking

  • Total parking spaces:22
  • Parking description:Assigned, Garage, Tandem, Uncovered
  • Garage:Yes
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