19161920 S ROBERTSON BLVD

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:
22-148073
Listed:
4/14/22
Updated:
12/2/22
Keller Williams Realty
Grant Linscott

Interior Features

Kitchen Appliances
None
Total Bedrooms
32
Total Bathrooms
32
Interior Features
None
Laundry Description
Laundry Area
Cooling
Wall/Window
Heating
Natural Gas

Exterior/Building Features

Lot Size
0.56 acres lot
Exterior Features
Other
Architectural Style
Mid-Century
Lot Details
5 Lots

Other Property Details

Garage
No
Parking
Gated
View
Y
County
Los Angeles
Water Source
Mutual Water Source
Pool
No
Pool Description
None
Total Stories
2
Zoning
LAR3

Property History

Date
Event
Price
Value
11/28/22
Active
-
-

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

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Grant Linscott shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 12/2/22

Keller Williams Realty
Grant Linscott
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