Los Angeles, CA90035
| 15326 sqft | MLS# 26661085
Tract:
For Sale $5,995,000
Description
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 Century City and Santa Monica, while being just one mile from the dining, entertainment, and walkable amenities of Downtown Culver City. The property is further enhanced by convenient on-site parking at the front of the building, a highly desirable amenity for tenants in this dense urban submarket. Please note, the property square footage includes the additional square footage from the four (4) ADU units (Buyer to verify all details related to actual building square footage). The property consists of sixteen (16) regular units and four (4) ADU units.
Facts
| Built in 1964 | Lot Size: 13006.00 sqft | HOA Dues: $0/month
Features
Listing provided by Saadia 'Sam' Liberow, Marcus & Millichap
Based on information from California Regional Multiple Listing Service, Inc. as of March 14, 2026. 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.
