Listed by Scott Rosenberg, Kidder Mathews of California, Inc.,

1904 -1916-20 S Robertson Boulevard

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:
22219781
Listed:
11/17/22
Updated:
11/28/22
Sotheby's International Realty
Chris Adlam

Interior Features

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

Exterior/Building Features

Lot Size
1.05 acres lot
Roof
Composition, Shingle

Other Property Details

Area Name
C09 - Beverlywood Vicinity
Garage
No
Parking
Driveway
Parking Total
40.0
View
N
County
Los Angeles
Pool
No
Pool Description
Fenced
Total Stories
2
Zoning
LAR3

Courtesy of Kidder Mathews of California, Inc., Scott Rosenberg,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 11/28/22. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 2:36 AM UTC, 11/28/22

Sotheby's International Realty
Chris Adlam
Contact