1904 S Robertson Boulevard, Los Angeles, CA 90034

$8,950,000
30
BD
30
BA
17,440
SqFt
List Price
$8,950,000
Status
ACTIVE
MLS#
23235777
Year Built
1954
Bedrooms
30
Bathrooms
30
Living Sq. Ft
17,440
Lot Size
21,476
Acres
0.49
Days on Market
2
Property Type
Multifamily

Property Description

1904 S Robertson Blvd presents an investor a unique opportunity to acquire a 28-unit, deep value-added asset of 17,400 sf comprised of twenty-six, 1 + 1 and two, 2+2 units, situated on a 21,476sf LAR3 lot in the WLA community between Pico Robertson and Culver City. With market rent for renovated but older rental stock trending over $4.00 per foot, the asset has the potential to yield a near 7% CAP. Given this property's location, unit mix and features, this asset is well positioned to meet the highest demand in the market today; smaller, affordable units in WLA. This is a story deal that presents a unique process to extracting value. Due to the tremendous opportunity to add value, this asset represents a compelling opportunity to build significant equity, generate an outsized yield, all while being very well positioned for future development and growth in the immediate area.

Additional Information

Pool Description
Fenced
Heat
Wall Furnace
Cooling Description
None
Roof
Composition, Shingle
Attached Structure
Detached
Number Of Units Total
28

Listing courtesy of Listing Agent: Scott Rosenberg (scott.rosenberg@kidder.com) from Listing Office: Kidder Mathews of California, Inc..

Mortgage Calculator

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.