128 Robinson Street

Los Angeles, CA 90026

$2,450,000
Last Sold Price
12
Beds
12
Baths
10,080 Sq. Ft.
$243 / Sq. Ft.
10,080
Sq. Ft.
$243
per Sq. Ft.

Description

We are pleased to present this value-add, twelve (12) unit, investment opportunity located at 128 and 134 Robinson Street. The two (2), 6-unit, 5,040 square foot buildings are situated on their own 7,200 square foot parcels, zoned LARD2. These charming two-story apartment buildings have a central courtyard that separate the buildings with access to the rear alley. The buildings each have their own carport as well as open parking off the alley. The properties have a nice setback which afford open...We are pleased to present this value-add, twelve (12) unit, investment opportunity located at 128 and 134 Robinson Street. The two (2), 6-unit, 5,040 square foot buildings are situated on their own 7,200 square foot parcels, zoned LARD2. These charming two-story apartment buildings have a central courtyard that separate the buildings with access to the rear alley. The buildings each have their own carport as well as open parking off the alley. The properties have a nice setback which afford open space for gardening. The unit mix is 4 studios, 4 one bedroom one bath and 4 two bedroom one bath. This building is located the Rampart Village neighborhood of Los Angeles, which is adjacent to Koreatown to the West, Silver Lake to the North and Downtown Los Angeles to the East. The Koreatown submarket remains one of the strongest rental submarkets in the city. This is a great opportunity for a value-add investor, as the rents are approximately 50% below market and room to add ADU's. The residents have a wide range of amenities close by such as restaurants, shopping, medical clinics, and recreation areas such as MacArthur Park and Lafayette Park. The property's central location has access to the 101, 110 and 10 freeways.

Listing Agent

  1. Tim Byrne

    Tim Byrne

    Listing Agent

    Compass

    DRE #01186465

    tim.byrne@compass.com

    P: 310.801.3442

Property Details for 128 Robinson Street

Zoning
LARD2
Parcel Number
5156005018
Total Units
12.0
Living Area
10080
Source Living Area
Assessor
Area
Silver Lake (671)
Vacancy Rate
0
Lot Size Area
14400

Location

Listing Courtesy of Compass, Tim Byrne, DRE #01186465

Sold By Compass, Nasrin Esfahani, DRE #01347349

Add your commute
LISTING UPDATED: 04/16/2024 11:51 AM

Property Details for 128 Robinson Street

StatusSold
MLS #22-172253
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1917
Lot Size0.33 AC / 14,400 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Tim Byrne, DRE #01186465

Sold By Compass, Nasrin Esfahani, DRE #01347349

Add your commute

Virtual Tour

Building Information for 128 Robinson Street

Stories2Residences-Year Built1917Building Size-Lot Size0.33 AC / 14,400 SF

Payment Calculator

$14,687 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,371

Property Taxes

$1,316

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 128 Robinson Street

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $155,030
  • Net Operating Income: $87,713.00
  • Gross Income: $155,030
  • Cap Rate: 3.31%
  • Gross Rent Multiplier: $17.00
  • Total Annual Expense: 67317
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Alley: Yes
  • Lot Acreage: 0.33
  • Lot Size Square Feet: 14400
Parking Details
Parking Details
  • Parking Garage: Carport, Other
  • Total Parking: 12
  • Parking Features: Carport
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 06-24-2022
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $906.00
  • Unit Actual Rent: $3,624.00
  • Unit Projected Rent: $5,800.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $977.00
  • Unit Actual Rent: $3,908.00
  • Unit Projected Rent: $7,200.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,334.00
  • Unit Actual Rent: $5,336.00
  • Unit Projected Rent: $8,800.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108

Property History for 128 Robinson Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 128 Robinson Street

Taxable ValueLand$1,040,000Additions$186,560Total$1,226,560
Tax Record2023$15,792 ($1,316 / month)
Home Facts
Total Finished SqFt5,040 SqFtAbove Grade Finished SqFt5,040 SqFtLot Size7,201 SqFtStyleMulti-Family Res (5+ Units)Year Built1917ZoningLARD2CountyLOS ANGELESAPN5156-005-018

Schools near 128 Robinson Street

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
Commonwealth Avenue Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Tim Byrne, DRE #01186465

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.