1904 S Robertson Blvd

Los Angeles, CA, 90034

$8,275,000

$474 per ft²
$8,275,000
$474 per ft²
Pending
Pending
 - For Sale
beds
30 Beds
baths
30 Baths
carpenters-square
17,440 ft²
property_type
Multi-family
calendar
Built 1954
MAJOR UPDATES - CALL FOR DETAILS - NEW PRICE - 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.
MLS® ID:
23-235777
Listed:
1/24/23
Updated:
4/1/23
Remax Real Estate
Rory Posin
Mobile: (310) 839-8500Email: roryposin@aol.com

Interior Features

Total Bedrooms
30
Total Bathrooms
30
Floor Description
Carpet, Tile, Laminate
Cooling
None
Heating
Wall

Exterior/Building Features

Lot Size
0.49 acres lot
Exterior Features
None
Lot Details
5 Lots
Roof
Composition, Shingle

Other Property Details

Garage
No
Parking
Driveway - Combination
Parking Total
14.0
View
N
County
Los Angeles
Pool
Yes
Pool Description
Fenced
Total Stories
2
Zoning
LAR3

Property History

Date
Event
Price
Value
2/13/23
Price Change
$8,275,000
-7%
3/16/23
Pending
-
-

Courtesy of Kidder Mathews of California, Inc., Scott Rosenberg,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Rory Posin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/1/23

Remax Real Estate
Rory Posin
Mobile: (310) 839-8500Email: roryposin@aol.com
Contact