1920 S Robertson BLVD, Los Angeles, CA 90034 - MLS#23278819

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Katrina Smith

katrina.smith@pinpointproperties.com +1(949) 209-9004

$14,000,000

Est. payment - /mo

37 Beds

32 Baths

21,997 SqFt

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UPDATED:

12/05/2024 05:34 AM

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 21,997 sqft

Price per Sqft $636

MLS Listing ID 23278819

Bedrooms 37

Construction Status Fixer

HOA Y/N No

Year Built 1954

Lot Size 0.560 Acres

Property 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 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!

Location

State CA

County Los Angeles

Area C09 - Beverlywood Vicinity

Zoning LAR3

Interior

Heating Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Gated

Pool None

Community Features Gated

View Y/N Yes

View Courtyard

Total Parking Spaces 20

Private Pool No

Building

Faces West

Story 2

Entry Level Two

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 4302019003

Security Features Fire Sprinkler System,Gated Community

Special Listing Condition Standard

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

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Katrina Smith

+1(949) 209-9004

Broker | DRE#01915697

Broker DRE#01915697