$2,485,000

Estimated payment $15,725/month

Total Views 260
8 Beds
6 Baths
5,104 Sq Ft
$487 Price per Sq Ft

Highlights

  • No HOA
  • Bike Trail
  • Rectangular Lot
  • Laundry Room

About This Home

6 Units + Fully Approved RTI Plans for 2 ADUs in Prime La Cienega Heights. We are proud to present 2011 S Shenandoah Street, a six-unit multifamily property located in the desirable La Cienega Heights neighborhood of Los Angeles. The building is comprised of two spacious two-bedroom, one-bath units and four one-bedroom, one-bath units, totaling 5,104 square feet of living space on an 8,697 square foot lot. The property offers a rare development opportunity with Fully Approved RTI Plans for two additional ADUs, each designed as 900 square foot two-bedroom, two-bath units. In addition, there is the potential to add 4 additional ADU’s in place of the front ground level unit. This asset presents strong value-add potential through unit renovations and ADU construction, creating substantial upside in rental income and long-term appreciation. Ideally situated in a quiet residential pocket with close proximity to major employment centers, transportation, and local amenities, 2011 S Shenandoah Street is a prime investment opportunity in one of Los Angeles’ most dynamic rental markets.

Listing Agent

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-447-2213 License #01981597 Listed on: 09/09/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Stephen Takahashi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-447-2213 License #01944770

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 8,697 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Parking

  • 6 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 5,104 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 71
  • Tax Tract Number 1250
  • Assessor Parcel Number 4302018037

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $6,125
  • Operating Expense $57,597
  • Gross Income $153,444
  • Net Operating Income $91,243

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.67
  • Price Per Unit: 414167
  • Property Attached: Yes
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 4302018037
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 486.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 8697.00
  • Lot Size Acres: 0.1997

Multi Family

  • Gross Income: 153444.00
  • Gross Scheduled Income: 153444.00
  • Insurance Expense: 6125.00
  • Lot Size Area: 8697.0000 Square Feet
  • Net Operating Income: 91243.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 57597.00
  • Rent Control: Yes
  • Total Expenses: 57597.00

Tax Info

  • Tax Lot: 71
  • Tax Tract Number: 1250

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2025 09/09/25 For Sale $2,485,000 -- $487 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25206796

California Regional Multiple Listing Service (CRMLS)