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19161920 S Robertson Boulevard

Los Angeles (City), CA 90034
  • $13,000,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: 22148073
UPDATED: 68 min ago
$13,000,000
  • 0
    BEDS
  • 0.56
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Listing Agent(s): Scott Rosenberg of Kidder Mathews Of California, Inc. (310-807-0880)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T08:24:06.383. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127856026
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19161920 S Robertson Boulevard Los Angeles (City), CA 90034

  • Price: $13,000,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 68 min ago
  • ID#: 22148073
0
Beds
0
Baths
0
½ Baths
0.56
Acres
1954
Built
Neighborhood:
C09 - Beverlywood Vicinity
County:
Los Angeles
Area:
C09 - 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

Architectural Style Mid-Century Modern Direction Faces West Entry Location Ground Level W/Steps Parking Features Gated Parking Total 0 Pool Features None Pool Private YN No Spa Features None Spa YN No View Courtyard View YN Yes

Interior Features

Cooling Wall/Window Unit(S) Cooling YN Yes Heating Natural Gas Heating YN Yes

Property Features

Additional Parcels YN Yes Association Fee 0 Community Features Gated Disclosures Cautions Call Agent Gross Income 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 0 New Construction YN No Possession Close Of Escrow Property Condition Fixer Rent Control YN No Security Features Fire Detection SystemFire Sprinkler SystemGated CommunitySmoke Detector(S) Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 100 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T08:24:06.383. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Listing Agent(s): Scott Rosenberg of Kidder Mathews Of California, Inc. (310-807-0880)