CA > Los Angeles
Los Angeles, CA 90034,1920 S Robertson Blvd
Los Angeles, CA 90034,1920 S Robertson Blvd
Los Angeles, CA 90034,1920 S Robertson Blvd
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$14,000,000
Est. payment /mo
37 Beds
32 Baths
21,997 SqFt
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UPDATED:

08/14/2024 02:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 21,997 sqft

Price per Sqft $636

MLS Listing ID 23-278819

Style Mid-Century

Bedrooms 37

Construction Status Fixer

Year Built 1954

Lot Size 0.560 Acres

Acres 0.56

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 Beverlywood Vicinity

Zoning LAR3

Rooms

Other Rooms Other

Interior

Interior Features None

Heating Natural Gas

Cooling Wall/Window

Equipment None

Laundry Laundry Area

Exterior

Garage Gated

Garage Spaces 20.0

Pool None

View Y/N Yes

View Courtyard

Building

Lot Description 5 + Lots

Story 2

Architectural Style Mid-Century

Level or Stories Two

Construction Status Fixer

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Kidder Mathews of California, Inc.

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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