Listed by Scott Rosenberg, Kidder Mathews of California, Inc.,

19161920 S ROBERTSON Boulevard

Los Angeles, CA, 90034

$13,000,000

$590 per ft²
$13,000,000
$590 per ft²
Active
Active
 - For Sale
beds
32 Beds
baths
32 Baths
carpenters-square
21,997 ft²
property_type
Multi-family
calendar
Built 1954
The "Robertson Opportunity" located on 1916-1920 S Robertson Blvd presents an investor the opportunity to acquire a fully vacant, 21,997SF, multifamily asset, situated on a 24,384 LAR3 lot in the WLA community bordering Cheviot Hills, Pico-Robertson and Culver City. City records indicate a total of 32 units were on the site. Formerly an adult care facility, this asset has the potential to be returned back to apartments with the potential to add ADU units. There is an estimated 5,000 SF of improvement not currently allocated to residential use, making for plenty of opportunity to add units and ADU's within the existing structures. Alternatively, one has the potential to build a new multifamily development on the large24,384 SF lot. By using by-right and density bonus criteria one may be able to build 35-50 new units, with the potential to increase the unit count further with the addition of ADUs. In total, due to the tremendous opportunity to add value through renovation or new development, this asset represents a compelling opportunity to build significant equity, generate an out sized yield on cash, all while being very well positioned to capitalize on any inflationary pressure expected to occur in the years ahead.
MLS® ID:
22148073
Listed:
4/14/22
Updated:
12/4/22

Interior Features

Total Bedrooms
32
Total Bathrooms
32
Cooling
Wall/Window Unit(s)
Heating
Natural Gas

Exterior/Building Features

Lot Size
0.56 acres lot
Architectural Style
Mid-Century Modern

Other Property Details

Area Name
C09 - Beverlywood Vicinity
Association Amenities
Gated
Garage
No
Parking
Gated
View
Y
County
Los Angeles
Pool
No
Pool Description
None
Total Stories
2
Zoning
LAR3

Property History

Date
Event
Price
Value
11/28/22
Active
-
-
5/31/22
Active Under Contract
-
-

Courtesy of Kidder Mathews of California, Inc., Scott Rosenberg,
Listing Contact:  

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