6
UNITS
$377.16
PRICE/SF
$320,833
PRICE/UNIT
4.01%
CAP
15.54
GRM
6.23%
PRO FORMA CAP
11.34
PRO FORMA GRM
The LAAA Team of Marcus & Millichap is proud to present these 6 units located at 2011 S Shenandoah Street in Los Angeles, California. Built in 1948, the property sits on 8,694 square feet of land with 5,104 square feet of rentable area and consists of 4- one bed / one bath, 1- two bed /one bath unit, and 1- two bed / 1 bath house.
Although this opportunity would be classified as a Value Add since there is over 30% upside in rental income, the Seller has already renovated most of the major systems of the property, which will allow a value add buyer to raise rents overtime, without having to worry about significant deferred maintenance.