The property being offered boasts strong in-place financials, highlighted by an attractive CAP rate of 5.33%. The diligent maintenance and upgrades carried out by the owners have consistently increased rents and enhanced the property's income. Their exceptional care and style in turning units as tenants moved out have demonstrated significant potential for further growth through similar strategies. Additionally, the costly and complex earthquake soft-story retrofit and the addition of four ADUs have further enhanced the property's appeal. A new owner can continue to capitalize on the utility bill-back potential as units are turned. Currently, 13 out of 20 units (65%) are on this program, which allows for a fair distribution of utility expenses among tenants based on usage. This beneficial strategy can help transfer utility costs to tenants, thereby increasing the NOI and cash flow over time. The property features a desirable unit mix, comprising eleven 1+1 units, four 2+2 units, one 2+1.5 unit, three 1+1 ADUs, and one Studio+1 ADU. This variety diversifies risk, appeals to a broader range of tenants, and enhances the property's long-term value, ensuring a more stable and profitable investment. Located at 1534 Shenandoah, the property is in the highly desirable Pico-Robertson neighborhood. It offers central access to the Westside, with proximity to major employment centers in Century City and Santa Monica, and is just a 1-mile drive from downtown Culver City, known for its vibrant entertainment and dining options. Ample parking is available, with space for up to 24 vehicles. The front of the property accommodates up to 16 vehicles, including eight tandem spots, while the side of the property provides room for seven more cars, comprising three tandem spaces and one single space. The property is situated in an affluent area with great demographics. The average household income within a 1-mile radius is $131,284, and within a 3-mile radius, it is $133,795. These strong financials, strategic utility management, desirable unit mix, prime location, ample parking, and favorable demographics make this property a highly attractive investment opportunity.
Property Details
Property Features
Property Information:
Year Built: 1964
Stories: 1
Living Area: 15,326 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Saadia 'Sam' Liberow
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 24
Exterior Features
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.30 Acres
Utilities
Utilities Information:
Heating: None
Cooling: None
Other
Directions Information:
Directions: Near cross streets S Shenandoah and Pickford St.
Price Information
Listing Price Info
Price Summary:
List Price: $6,300,000
Price Per SqFt: $411/SqFt
Tax Information:
Annual Amount: $12,201
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $5.2M more than the Median Sold Price and $230/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24422107
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Saadia 'Sam' Liberow
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 9:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 23, 2021
Mar 23, 2021Home Sold
$4,970,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$12,201
$876,358
2020
$11,876
$867,373
2019
$11,637
$850,366
2018
$11,372
$833,693
2017
$11,372
$817,347
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Canfield Avenue Elementary School
9233 Airdrome St
Distance between this listing and this school0.50 miles
Public District Grades KG-5
5
/10
Crescent Heights Blvd School
1661 S Crescent Heights Blvd
Distance between this listing and this school0.51 miles
Public District Grades KG-5
7
/10
Shenandoah Street Elementary School
2450 S Shenandoah St
Distance between this listing and this school0.85 miles
Public District Grades KG-5
Nearby Schools
8
/10
Horace Mann School
8701 Charleville Blvd
Distance between this listing and this school1.02 miles
Public District Grades KG-8
7
/10
Beverly Vista School
200 S Elm Dr
Distance between this listing and this school1.17 miles
Public District Grades KG-8
6
/10
New los Angeles Charter
1919 S Burnside Ave
Distance between this listing and this school1.53 miles
Public Charter Grades 6-8
Nearby Schools
8
/10
Los Angeles Center for Enriched Studies
5931 W 18th St
Distance between this listing and this school0.74 miles
Public District Grades 6-12
3
/10
Cheviot Hills Continuation
9200 Cattaraugus Ave
Distance between this listing and this school1.21 miles
Public District Grades 9-12
7
/10
Alexander Hamilton High School
2955 S Robertson Blvd
Distance between this listing and this school1.25 miles
The neighbors living near this home have an average income of $66,281. The majority of Los Angeles, CA residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1534 S Shenandoah St
What is the listing price of this property?
The listing price of 1534 S Shenandoah St property is $6,300,000.
What type of property is this?
The property 1534 S Shenandoah St is a house located in Los Angeles, California, 90035.
Is this property for sale now?
Active Listing: 1534 S Shenandoah St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $12,201 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 23, 2021 for $4,970,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1534 S Shenandoah St has 24 bedrooms and 24 bathrooms.
What is the square footage of this property?
The property 1534 S Shenandoah St is 15,326 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1534 S Shenandoah St is 1964.
Interested in 1534 S Shenandoah St? Let's connect.
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This home is located at 1534 S Shenandoah St in Los Angeles, CA and zip code 90035 in the Pico Robinson neighborhood. This 15,326 square foot home, which was built in 1964, sits on a 0.30 acre lot. Features: 24 bedrooms, 24 bathrooms. It has been listed on Rocket Homes since August 02, 2024 and is currently priced at $6,300,000.
In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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