1920 South Robertson Boulevard
1920 South Robertson Boulevard
$14,000,000
37
32
21,997
21,997
$636
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...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!
- Listed by Scott Rosenberg • DRE #01456686 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 1920 South Robertson Boulevard
Zoning
LAR3
StyleMid-Century
Parcel Number4302019003
Total Units32.0
Living Area21997
Source Living AreaOther
AreaBeverlywood Vicinity (C09)
Vacancy Rate100
Location
LISTING UPDATED: 03/29/2024 05:03 PM
Property Details for 1920 South Robertson Boulevard
Status | Active |
---|---|
MLS # | 23-278819 |
Days on Market | 365 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1954 |
Lot Size | 0.56 AC / 24,384 SF |
County | Los Angeles County |
Location
Building Information for 1920 South Robertson Boulevard
Stories2Residences-Year Built1954Building Size-Lot Size0.56 AC / 24,384 SF
Payment Calculator
$78,891 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1920 South Robertson Boulevard
Property History for 1920 South Robertson Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1920 South Robertson Boulevard
Taxable ValueLand$1,381,596Additions$932,893Total$2,314,489
Tax Record2023$29,845 ($2,487 / month)
Home Facts
Total Finished SqFt14,602 SqFtAbove Grade Finished SqFt14,602 SqFtLot Size16,256 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningLAR3CountyLOS ANGELESAPN4302-019-003
Schools near 1920 South Robertson Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Shenandoah Street Elementary School PublicK to 5 | ||
Alexander Hamilton Senior High School Public9 to 12 | ||
Cheviot Hills Continuation School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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