2011 S Shenandoah Street, Los Angeles, California 90266, Los Angeles, 90266 - bed, bath

2011 S Shenandoah Street, Los Angeles, California 90266 home-pic-0
ACTIVE$2,485,000
2011 S Shenandoah Street, Los Angeles, California 90266
0Bed
0Bath
5,104Sqft
8,697Lot
Year Built
1948
Close
-
List price
$2.48M
Original List price
$2.48M
Price/Sqft
$487
HOA
-
Days on market
-
Sold On
-
MLS number
SB25206796
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.48M(50th), sqft - 5104(50th), beds - undefined(50th), baths - undefined(50th).

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.

Nearby schools

4/10
Shenandoah Street Elementary School
Public,K-50.2mi
4/10
Mark Twain Middle School and World Languages Magnet
Public,6-84.6mi
6/10
Alexander Hamilton Senior High School
Public,9-120.6mi

Price History

Date
Event
Price
09/09/25
Listing
$2,485,000
06/21/23
Sold
$662,500
Condition Rating
Fair

The property was built in 1948, making it over 70 years old. While one kitchen image shows a recently renovated, modern space with new cabinets, countertops, and appliances, the listing description explicitly states 'value-add potential through unit renovations.' This indicates that not all units are in this updated condition, and the property as a whole requires significant updates to reach its full potential. The exterior photos show an older, maintained building, but not one that has undergone a full recent renovation. Therefore, the property is aged but appears maintained, with some components updated (like the shown kitchen), but likely requires further renovations across other units and systems, fitting the 'Fair' category.
Pros & Cons

Pros

Existing Cash Flow: As a six-unit multifamily property, it provides an immediate and stable rental income stream for investors.
Approved Development Plans: The property comes with fully approved RTI (Ready-To-Issue) plans for two additional ADUs, significantly de-risking and accelerating expansion.
Significant Value-Add Potential: There is strong potential for substantial upside in rental income and long-term appreciation through unit renovations and ADU construction.
Prime Location: Ideally situated in the desirable La Cienega Heights, offering a quiet residential setting with excellent proximity to major employment centers, transportation, and local amenities.
Further Expansion Capacity: Beyond the approved ADUs, there's additional potential to add four more ADUs by converting the front ground-level unit, maximizing density and income.

Cons

Age of Property: Built in 1948, the existing six units may require significant capital expenditure for modernization, deferred maintenance, or system upgrades to maximize rental income.
Required Capital Investment: Realizing the full value-add potential, including ADU construction and unit renovations, will necessitate substantial upfront capital investment from the buyer.
Project Management Complexity: The extensive development and renovation plans imply a significant undertaking requiring considerable time, effort, and expertise in project management.

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