Active

1920 S Robertson Blvd

Los Angeles CA, 90034

$14,000,000


$636.45 per sqft

Active

37 Beds

32 Baths

21,997 sqft

Residential

Built in 1954

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!

23-278819

MLS ID

June 9, 2023

Listed

May 9, 2024

Updated

Map

1920 S Robertson Blvd
Los Angeles CA, 90034

Interior Features

Total Stories

2


Bedrooms

37


Total Bathrooms

32


Interior Features

None


Appliances

None


Laundry Description

Laundry Area


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.56 Acres


Lot Features

5 Lots


Architectual Style

Mid-Century

Other Property Details

Area Name

Beverlywood Vicinity


Days on Market

302


Garage

No


Parking

Gated


Parking Total

20


View

Yes


View Description

Courtyard


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LAR3

Listed by Scott Rosenberg with Kidder Mathews of California, Inc.
Listing Contact: 310-889-8738 

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 Ryan Mcmahon | CA DRE# 2200354 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 5/9/2024

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