1904-1916-20 S Robertson Blvd

Los Angeles, CA, 90034

$22,000,000

$557 per ft²
$22,000,000
$557 per ft²
Active
Active
 - For Sale
baths
60 Baths
carpenters-square
39,431 ft²
property_type
Multi-family
calendar
Built 1954
It is a rare occasion on the westside of Los Angeles for a property of this scale and opportunity presents itself to the multifamily investor community. The "Robertson Portfolio "1904, 1916, 1920 S Robertson Blvd is a significant offering of 60 existing permitted units within 39,431 SF of improvements situated on over a contiguous acre of R3 residential land on S. Robertson Blvd. just South of Beverly Hills and North of Culver City. The offering includes APN #4302-019-001,002, & 003. Adding to its meaningful statistics, the Roberson portfolio has no less than 36 vacancies making for an incredible reposition opportunity to drive value and yield in this most desirable of submarkets. The property's configuration is nearly ideal given its unit mix of mostly one and two bedroom units as well as storage and garage space that is well situated for potential ADU conversions. With sales comps of similar properties trading at mid 3% cap rates and per unit cost trending at $450k per unit for existing housing stock, the Robertson portfolio, at only $367K offers meaningful upside to be extracted through the rehabilitation, relet and stabilization of this community of assets. Development potential exists as both in market rate or a an affordable housing project which has the potential to increase the density to approximately 150 units. In total, the Robertson Portfolio the merits the attention of anyone serious about undertaking deep value added opportunities, new development or growing their portfolio with significant assets in WLA. The properties can be purchased together or separately.
MLS® ID:
22-219781
Listed:
11/17/22
Updated:
12/8/22

Interior Features

Total Bedrooms
0
Total Bathrooms
60
Floor Description
Carpet, Tile, Laminate
Cooling
None
Heating
Wall

Exterior/Building Features

Lot Size
1.05 acres lot
Exterior Features
None
Lot Details
5 Lots
Roof
Composition, Shingle

Other Property Details

Garage
No
Parking
Driveway - Combination
Parking Total
40.0
View
N
County
Los Angeles
Pool
Yes
Pool Description
Fenced
Total Stories
2
Zoning
LAR3

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 Brita Kleingartner 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 12/8/22

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