1904 S Robertson Boulevard, Los Angeles, CA, 90034

  • $8,950,000
  • $8,950,000
1904 S Robertson Boulevard , Los Angeles, CA 90034
Active For Sale
1904 S Robertson Boulevard , Los Angeles, CA 90034
  • $8,950,000
  • $8,950,000

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.

  • Address 1904 S Robertson Boulevard
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90034

Details

Updated on January 25, 2023 at 11:32 am
  • Property ID: 23235777
  • Price: $8,950,000
  • Land Area: 0.4930 Acres
  • Year Built: 1954
  • Property Type: Residential Income
  • Property Status: Active

Additional details

  • Pool Features: Fenced
  • Heating: Wall Furnace
  • Cooling: None
  • Zone: LAR3
  • Parking: Driveway - Combination
  • Days On Market: 0
  • Roof: Composition,Shingle
  • Flooring: Carpet,Tile,Laminate
  • LotSize SquareFeet: 21476.00

Features

Listed by

Kidder Mathews of California, Inc.
Agent Name : Scott Rosenberg
Agent State License : 01456686

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