Property Detail

Description

Rare Generational Investment Opportunity in Prime Pico-Robertson! Offered for sale for the first time in 23 years, 1476 S. Shenandoah Street represents a highly coveted, long-term ownership asset in one of Los Angeles' most desirable and tightly held multifamily submarkets. This well-maintained property boasts an exceptional and increasingly scarce unit mix consisting of spacious two- and three-bedroom floor plans, including rare three-bedroom layouts with den configurations. These large, family-oriented spaces insulate the property against high turnover, ensuring stable occupancy and predictable cash flow that stands out against a modern construction pipeline dominated by smaller studios and one-bedrooms. Investors benefit from a below-replacement-cost acquisition, securing an established income-producing asset that would be nearly impossible to replicate today given soaring Westside land, entitlement, and construction costs. Highlighting the strength of the surrounding community, the property is situated in an area featuring phenomenal demographics, with average household incomes exceeding $131,000 within a 1-mile radiusranking Pico-Robertson in the top 15% of the highest-income neighborhoods in America. Residents will enjoy an unbeatable central Westside location offering convenient access to major employment centers, premier dining, shopping, and entertainment in Beverly Hills, Century City, Culver City, and the Miracle Mile. Don't miss this premier value-add opportunity driven by consistent tenant demand and unmatched long-term appreciation potential!