1920 South Robertson Boulevard

Los Angeles, CA 90034

$14,000,000
Price
37
Beds
32
Baths
21,997 Sq. Ft.
$636 / Sq. Ft.
21,997
Sq. Ft.
$636
per Sq. Ft.

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!
  1. Listed by Scott Rosenberg • DRE #01456686 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 1920 South Robertson Boulevard

Zoning
LAR3
Style
Mid-Century
Parcel Number
4302019003
Total Units
32.0
Living Area
21997
Source Living Area
Other
Area
Beverlywood Vicinity (C09)
Vacancy Rate
100

Location

Listing Courtesy of Kidder Mathews of California, Inc., Scott Rosenberg, DRE #01456686
Add your commute
LISTING UPDATED: 03/29/2024 05:03 PM

Property Details for 1920 South Robertson Boulevard

StatusActive
MLS #23-278819
Days on Market336
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.56 AC / 24,384 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Scott Rosenberg, DRE #01456686
Add your commute

Building Information for 1920 South Robertson Boulevard

Stories2Residences-Year Built1954Building Size-Lot Size0.56 AC / 24,384 SF

Payment Calculator

$78,891 per month

30 year fixed, 7.25% Interest

Principal and Interest

$76,404

Property Taxes

$2,487

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1920 South Robertson Boulevard

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 32
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Residential
  • View: Yes
  • View Description: Courtyard
  • View: Courtyard
  • Security Features: Gated, Fire Sprinklers
  • Direction Faces: West
  • Property Condition: Fixer
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Cautions Call Agent
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Owner Pays: Gas, Electricity, Water, Gardener
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.56
  • Lot Size Square Feet: 24384
  • Lot Description: 5 + Lots
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 20
  • Parking Features: Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: None
  • Interior Features: None
  • Cooking Appliances: None
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 06-09-2023
  • Listing Terms: Exchange Up
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 19
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 9
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Private Transfer Taxes: No

Property History for 1920 South Robertson Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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1920 South Robertson Boulevard is a multi-family home for sale in Los Angeles, CA 90034. This property was listed for sale on June 1, 2023 by Kidder Mathews of California, Inc., it's currently listed at $14,000,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Shenandoah Street Elementary School, Mark Twain Middle School and World Languages Magnet and Alexander Hamilton Senior High School. 1920 South Robertson Boulevard is a 37-bed, 32-bath, 21,997 sqft multi-family home built in 1954.

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 Kidder Mathews of California, Inc., Scott Rosenberg, DRE #01456686

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.