We are pleased to present an owner user, investment, or development opportunity at 1140 S Shenandoah St in the highly coveted Pico Robertson submarket, located just north of W Pico Blvd, a premier Los Angeles neighborhood that attracts high-end renters with a consistently low vacancy rate and steady rent growth.… Read More The subject property is an existing duplex with two large two-bedroom units currently occupied; there is a garage at the rear of the property as well as room for additional uncovered parking. Ownership has preliminary plans submitted for two ADU's, both three bedrooms, 1,250 SF each. Alternatively, there is development potential; the lot totals 6,384 SF zoned [Q]R3-1-O in a Tier 2 TOC; ownership has preliminary plans for a 21-unit affordable housing project. Strong demographics in the neighborhood; within two miles of the subject property, the median home value is over $1.1 MM and average household income over $127,000. Read Less
Property listed by Marcus & Millichap, Neema Ahadian 310-909-5500
Listing Snapshot
Days Online
24
Last Updated
Property Type
Other
Beds
4
Square Ft.
3,022
Lot Size
0.15 Acres
Year Built
1933
MLS Number
25605569
30 Days Snapshot Of 90035
$1.79M
-11%
(avg) sold price
3
-66%
homes sold
72
-10%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1933, Building area total: 3,022, Levels: Two, Living area: 3022, 2 stories, 1 building
Cooling
None
Heating
None
Income
Gross income: $56,892, Net operating income: $14,729
Lot
0.1466 acres, 6,384 square feet, Size: 6,384
Parking
4 totals parking
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of 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. Properties may or may not be listed by the office/agent presenting the information.
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