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1920 S Robertson Boulevard

Los Angeles, CA 90034

PRICE INCREASE

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+$1,000,000 (+7.69%)

$14,000,000

List Price

37

bed Beds

32

shower Baths

21,997 sqft

straighten / sqft

1954

calendar_month Built

Property Description

The "Robertson Opportunity" located on 1916-1920 S Robertson Blvd presents an investor the opportunity to acquire 21,997 SF of improvements formerly licensed as an ARF. The property is fully vacant, situated on a 24,384 LAR3 lot in the WLA community of Pico-Robertson. The improvements were last used as a licensed, 100 bed, Adult Residential Facility. The improvements include a commercial kitchen area, commissary, employee lounge, administrative office, laundry, equipment and storage rooms. The property no longer holds the license to operate as an ARF, but a new owner may be able to acquire a new license. City records indicate that the two properties were originally configured as a total of 32 units. A new owner may potentially be able to return the property back to the 32-unit apartments. There are several storage and garage like areas not currently allocated to residential use, making for plenty of opportunity to add ADU's within the existing structures. Alternatively, one has the potential to build a new multifamily development on the large 24,384 SF lot. By using a variety of potential density bonus incentives, one may be able to build between 30 to 88 new units. In total, due to the tremendous opportunity to add value through renovation or new development, this asset represents a compelling opportunity for investors who are motivated to add value through renovation and/or development. Please view the OM attached for more information!

Listing Information

List Price $14,000,000
Status Pending
MLS 23278819
Type Residential Income
Year Built 1954
Lot Size 24,384
Structure Size 21,997
DOM 414
Courtesy Of Kidder Mathews of California, Inc.
Listing Agent Scott Rosenberg DRE#01456686

Interior Features

Total Bedroom
Bedrooms 37
Total Bathroom
Bathrooms 32
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

home_work Nearby Properties

Image

$7,400,000

king_bed N/A
shower N/A
straighten N/A
straighten 21,482
1904 S Robertson Boulevard,

Los Angeles, CA 90034
Image

$7,400,000

king_bed N/A
shower N/A
straighten N/A
straighten 21,482
1904 S Robertson Boulevard,

Los Angeles, CA 90034
Image

$5,750,000

king_bed 17
shower 17
straighten 8,241
straighten 7,649
8926 Sawyer Street,

Los Angeles, CA 90035
Image

$2,850,000

king_bed 3
shower 2
straighten 1,520
straighten 7,259
8921 Sawyer Street,

Los Angeles, CA 90035
Image

$3,500,000

king_bed 3
shower 3
straighten 4,000
straighten 9,363
8927 Sawyer Street,

Los Angeles, CA 90035

Listing information courtesy of: Scott Rosenberg, Kidder Mathews of California, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 14th, 2024 at 2:10 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.