$5,995,000

1534 S Shenandoah Street, Los Angeles, CA 90035

  • 21 beds |
  • 24 baths |
  • 15,326 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon0.3acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $391/sqft
  • Property List Date Icon Listed 27 days ago

Property 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.

Listing Status:
Active
Date Added:
March 6, 2026
Data Last Updated:
April 2, 2026 at 7:18AM
Listing Office:
Marcus & Millichap : 818-212-2700
Listing Agent:
Saadia 'Sam' Liberow : 818-212-2795
MLS ID:
26661085
  • Heating: None
  • Parking: AssignedGarageTandemUncoveredParking spaces: 22
  • General: 2
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: LAR34303012041
  • Source: CRMLS_CL

This listing courtesy of Saadia 'Sam' Liberow , Marcus & Millichap

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Canfield Avenue Elementary School

9233 Airdrome St, Los Angeles, CA, 90035

Grades KG-5

0.50 miles away

L

Los Angeles Center for Enriched Studies

5931 W 18th St, Los Angeles, CA, 90035

Grades 6-12

0.74 miles away

L

Los Angeles Center for Enriched Studies

5931 W 18th St, Los Angeles, CA, 90035

Grades 6-12

0.74 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.