NOT LISTED FOR SALE

1427 S Shenandoah St Los Angeles, CA 90035

Pico-Robertson Neighborhood

Estimated Value: $1,492,000 - $2,692,290

4 Beds
2 Baths
2,694 Sq Ft
$724/Sq Ft Est. Value

Last Sold January 06, 2023

Last sale price $1,568,000 $582 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $11,828/month

207 Days on Market

About This Home

As of January 2023

We are pleased to present a prime Pico Robertson duplex located at 1427 S Shenandoah Street--an amazing owner/user opportunity with one unit currently vacant, and the other unit has an executed voluntary vacancy agreement in place (Call Agents for Details). Take advantage of owning your own property in the highly sought after Pico Robertson district while collecting rent. This property would also be a great multifamily development opportunity especially with the potential of both units being delivered vacant at the close of escrow. This property allows a future investor to build up to 15 units utilizing the TOC Tier 2 program or 8 units by right. The Shenandoah Apartments boast a great unit mix of Two (2) Two Bedroom / One Bath units. In addition to providing tenants with Six (6) parking spaces (3 garage and 3 in the driveway), the building also has a washer and dryer upstairs with washer and dryer hookups downstairs. This wood frame stucco building, built in 1930, consists of 2,694 SF of living area and is situated on a 6,499 SF lot zoned LAR3. Known for its distinct community feel, with shops and restaurants within easy walking distance, the Pico-Robertson neighborhood has become one of the most desirable real estate markets in Los Angeles. The current owner installed a beautiful oak wood staircase that connects the 2 units, turning this duplex into one large unit; however, a door separating the spaces allows a Buyer to rent the 2 units separately as as well (Buyer to verify). In addition, the building has the following upgrades: electrical systems were completely redone with two (2) separate panels, a central HVAC, security system, and gated entry. Lastly, there is a new copper main line.

Last Agent to Sell the Property

Derrick Vartanian

Lyon Stahl Investment Real Estate, Inc. License #01816119 Listed on: 05/12/2022

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Jonathan Prakash

Equity Union License #01483131

Last Buyer's Agent

Cliff Uzan

Uzan Realty License #01003985

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,499

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • Driveway

Interior Spaces

  • 2,694 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • 6,499 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4303-010-032

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2694
  • Lot Acreage: 0.1492
  • Stories: 2
  • Year Built: 1930
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Stackable W/D Hookup, Washer, Dryer
  • Price Per S Q F T: 556.79

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 3
  • Parking Garage: Garage - 3 Car, Driveway
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 17.35
  • Assessed Improvement Value: 140485
  • Assessed Land Percent: 82.65
  • Assessed Land Value: 669012
  • Total Assessed Value: 809497
  • Assessor Parcel Number: 4303-010-032
  • Lot Size Area: 6499

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.63
  • Number Of Units: 2
  • Type Of Units: 2+1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Dec 7, 2022
Sold by
Ross Matthew E G and Ross Dana
Bought by
D & Z Investments Llc
Seller's Agent
Derrick Vartanian
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Cliff Uzan
Uzan Realty
List Price
$1,700,000
Sold Price
$1,568,000
Premium/Discount to List
-$132,000
-7.76%
Views
28
Current Estimated Value
$1,951,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$383,323
Avg. Annual Appreciation
7.56%
Original Mortgage
$1,019,200
Outstanding Balance
$986,483
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$964,840

Purchase Details

Closed on
Oct 9, 2002
Sold by
Weisman Alfred
Bought by
Ross Matthew E G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,500
Interest Rate
8%

Purchase Details

Closed on
Aug 15, 2001
Sold by
Klapper Peter Brett
Bought by
Weisman Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.19%

Purchase Details

Closed on
Aug 13, 2001
Sold by
Weisman Edith
Bought by
Weisman Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.19%

Purchase Details

Closed on
Aug 11, 1994
Sold by
Liebenau Kenneth Paul
Bought by
Klapper Peter Brett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,200
Interest Rate
8.57%

Purchase Details

Closed on
Aug 3, 1994
Sold by
Liebenau Karen L
Bought by
Liebenau Kenneth Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,200
Interest Rate
8.57%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
D & Z Investments Llc $1,568,000 Lawyers Title
Ross Matthew E G $605,000 Southland Title Company
Weisman Alfred $449,000 Equity Title
Weisman Alfred -- Equity Title
Klapper Peter Brett $218,000 First American Title Company
Liebenau Kenneth Paul -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open D & Z Investments Llc $1,019,200
Previous Owner Ross Matthew E G $544,500
Previous Owner Weisman Alfred $400,000
Previous Owner Klapper Peter Brett $196,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2023 01/06/23 Sold $1,568,000 +4.5% $582 / Sq Ft
12/05/2022 12/05/22 Pending -- -- --
11/18/2022 11/18/22 Price Changed $1,500,000 -11.8% $557 / Sq Ft
09/30/2022 09/30/22 For Sale $1,700,000 +8.4% $631 / Sq Ft
08/01/2022 08/01/22 Off Market $1,568,000 -- --
08/01/2022 08/01/22 For Sale $1,700,000 +8.4% $631 / Sq Ft
07/02/2022 07/02/22 Off Market $1,568,000 -- --
07/02/2022 07/02/22 For Sale $1,700,000 +8.4% $631 / Sq Ft
06/02/2022 06/02/22 Off Market $1,568,000 -- --
05/12/2022 05/12/22 For Sale $1,700,000 -- $631 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,616 $1,631,346 $1,630,306 $1,040
2024 $19,616 $1,599,360 $1,598,340 $1,020
2023 $10,450 $842,198 $696,039 $146,159
2022 $9,972 $825,686 $682,392 $143,294
2021 $9,838 $809,497 $669,012 $140,485
2019 $9,546 $785,489 $649,170 $136,319
2018 $9,430 $770,089 $636,442 $133,647
2016 $9,001 $740,187 $611,729 $128,458
2015 $8,870 $729,070 $602,541 $126,529
2014 $8,907 $714,790 $590,739 $124,051
Source: Public Records

Agents Affiliated with this Home

  • Derrick Vartanian

    Seller's Agent in 2023

    Derrick Vartanian

    Lyon Stahl Investment Real Estate, Inc.

    (310) 482-2200

    1 in this area

    15 Total Sales

    Derrick Vartanian
    Section Image

  • J

    Seller Co-Listing Agent in 2023

    Jonathan Prakash

    Equity Union

    (424) 600-7620

    1 in this area

    6 Total Sales

    Jonathan Prakash
    Section Image
  • Cliff Uzan

    Buyer's Agent in 2023

    Cliff Uzan

    Uzan Realty

    (310) 704-5653

    3 in this area

    7 Total Sales

    Cliff Uzan
    Section Image
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Map

Source: The MLS

MLS Number: 22-156215

The MLS

APN: 4303-010-032

California Los Angeles County Los Angeles 90035 Pico-Robertson

1427 S Shenandoah St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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