Skip To Content

19161920 S Robertson Blvd

Los Angeles, CA 90034
  • $13,000,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 22-148073
UPDATED: 21 min ago
$13,000,000
  • 32
    BEDS
  • 0.56
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 21,997
    SQFT
  • $591
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Description

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.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T07:42:43.797. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/127856585
Print Image

19161920 S Robertson Blvd Los Angeles, CA 90034

  • Price: $13,000,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 21 min ago
  • MLS #: 22-148073
32
Beds
0
Baths
0
½ Baths
0.56
Acres
21,997
SQFT
$591
$/SQFT
1954
Built
Neighborhood:
Beverlywood Vicinity
County:
Los Angeles
Area:
Beverlywood Vicinity
Property Description
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.
Exterior Features

Direction Faces West Entry Location Ground Level W/Steps Lot Description 5 + Lots Lot Size Area 24384 Other Structures Other Parking Garage Gated Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Style Mid-Century Total Parking 0 View Description Courtyard View YN Yes

Interior Features

Baths Total 32.00 Cooking Appliances None Cooling Wall/Window Equipment None Heating Natural Gas Interior Features None Laundry Laundry Area

Property Features

Alley YN Yes Assessed Total Value 2224616 Gross Income 0 Gross Operating Income 0 Like Units1 4 Like Units2 19 Like Units3 9 Net Operating Income 0.00 Number Of Buildings 2 Number Of Units 32 Owner Pays WaterElectricityGas Property Condition Fixer Rent Control YN No Sale Type Standard Security Features Fire SprinklersFire And Smoke Detection SystemGated Source Living Area Other Source Lot Size Area Other Total Annual Expense 0 Type Of Units Residential Water Mutual Water Source Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Scott Rosenberg DRE#01456686 of Kidder Mathews Of California, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T07:42:43.797. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
Logo
The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210