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Active
19161920 S Robertson Blvd Los Angeles, CA 90034
$13,000,000
32 beds
21,997 sq ft

Courtesy of Kidder Mathews of California, Inc. 310-807-0880

Contact Me to Learn More

Laura Alice Scaturro

Laura Alice Scaturro

Founder

DRE# 01942167

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.

Property Details & Features

Property Type

  • Multi Family Residence

Year Built

  • 1954

Lot

  • LotAcreage: 0.56
  • LotSizeArea: 24,384
  • 5 + Lots

Appliances and Equipment

  • None
  • None

Bathrooms

  • 32.00 total bathrooms

Bedrooms

  • 32 total bedrooms

House

  • 21,997 sq ft
  • Built in 1954
  • Mid-Century

Cooling

  • Wall/Window

Disclosures

  • As Is
  • Cautions Call Agent

Garage

  • Gated

Water

  • Water: Mutual Water Source

Heating

  • Natural Gas

Interior Features

  • None

Laundry

  • Laundry Area

Listing

  • ListDate: 2022-04-15
  • PricePerSqFt: $591
  • 228 days on market

Location

  • County: Los Angeles
  • ListingArea: Beverlywood Vicinity

Parking

  • TotalParking: 0

Pool

  • PoolYN: False
  • None

Property

  • EntryLocation: Ground Level w/steps
  • NumberOfUnits: 32
  • OtherStructures: Other
  • ViewDescription: Courtyard
  • ViewYN: 1
  • Zoning: LAR3
  • Fixer

Spa

  • Has spa
  • None

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