Pending
1920 S Robertson Boulevard
Los Angeles CA, 90034
$14,000,000
$636.45 per sqft
Pending
37 Beds
32 Baths
21,997 sqft
Residential
Built in 1954
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!
23278819
MLSⓇ ID
June 9, 2023
Listed
December 5, 2024
Updated
Map
1920 S Robertson Boulevard
Los Angeles CA, 90034
Interior Features
Total Stories
2
Bedrooms
37
Total Bathrooms
32
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.56 Acres
Architectual Style
Mid-Century Modern
Other Property Details
Area Name
C09 - Beverlywood Vicinity
Days on Market
414
Garage
No
Parking
Gated
Parking Total
20
View
Yes
View Description
Courtyard
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LAR3
Listing History
Date | Event | Price |
---|---|---|
8/14/2024 | Pending | — |
Listed by Scott Rosenberg, Kidder Mathews of California, Inc., CA DRE 01456686
Listing Contact: 310-889-8738
Based on information from the CRISNet MLS as of 12/5/2024, 7:24 AM UTC. 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. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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