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1904 S Robertson Blvd, Los Angeles, CA 90034
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1904 S Robertson Blvd Los Angeles, CA 90034

$7,400,000
  • 33 Beds
  • 30 Baths
  • 17,440 Sq.Ft.
For Sale
$7,400,000 Get Pre-Qualified
Map preview of 1904 S Robertson Blvd, Los Angeles, CA 90034

Property Overview: 1904 S Robertson Blvd Los Angeles, CA has 33 bedrooms, 30 bathrooms, 17,440 living square feet and 21,482 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: WELCOME TO THIS EXCEPTIONAL 28-UNIT APARTMENT BUILDING NESTLED IN THE HIGHLY SOUGHT-AFTER BEVERLYWOOD NEIGHBORHOOD OF LOS ANGELES. THIS PROPERTY OFFERS A FANTASTIC INVESTMENT OPPORTUNITY WITH ITS PRIME LOCATION AND HIGH DEMAND RENTAL AREA. 28-UNITS CONSISTS OF (23)UNITS 1BED - 1BTH, (3)UNITS 2BED - 2BTH, (2)UNITS 2BED-1BTH, CATERING TO A VARIETY OF TENANT NEEDS. PROPERTY IS LOCATED IN A LARGE RESIDENTIAL AREA OF BEVERLYWOOD. NEARBY CHEVIOT HILLS, CENTURY CITY, BEVERLY HILLS AND PICFAIR VILLAGE. 19 0F THE UNITS HAVE BEEN RECENTLY RENOVATED. PROPERTY IS A TWO STORY COMPLEX WITH POOL. THE PROPERTY IS SURROUNDED BY UPSCALE AMENITIES, DINING,SHOPPING AND ENTERTAINMENT OPTIONS. PLEASE CALL AGENT FOR ADDITIONAL DETAILS. ALSO LISTED UNDER RES INCOME MLS # CV24193075

Listed by Ronald Sandoval | BRE #01267148 | THE REALTY SHOP
Last checked: 3 minutes ago | Last updated: September 17th, 2024 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
21,482
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
CV24176643
City
Los Angeles
County
Los Angeles
Time on Site
2 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 28
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 23
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $413,208
  • Net Operating Income: $247,752
  • Gross Operating Income: --
  • Laundry Income: $1,200
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1904 S Robertson Blvd

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Property Details for 1904 S Robertson Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Common Area
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Total # of Units: 28
  • Parcel Number: 4302019001
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: west of the 10 frwy between sawyer and guthrie - Beverlywood
View more facts & features

Local Los Angeles Agent

Sale History for 1904 S Robertson Blvd

Last sold on September 14th, 1993

  • September, 2024

  • Sep 16, 2024

    Date

    Active

    CRMLS: CV24176643

    $7,400,000

    Price

  • April, 2024

  • Apr 12, 2024

    Date

    Expired

    CRMLS: 23259481

    $2,150

    Price

  • Apr 11, 2023

    Date

    Active

    CRMLS: 23259481

    $2,150

    Price

  • Listing provided courtesy of CRMLS

  • April, 2023

  • Apr 19, 2023

    Date

    Expired

    CRMLS: 23235777

    $8,275,000

    Price

  • Jan 25, 2023

    Date

    Active

    CRMLS: 23235777

    $8,950,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • March, 2023

  • Mar 16, 2023

    Date

    Expired

    CRMLS: 22219781

    $22,000,000

    Price

  • Nov 18, 2022

    Date

    Active

    CRMLS: 22219781

    $22,000,000

    Price

  • Listing provided courtesy of CRMLS

    It is a rare occasion on the westside of Los Angeles for a property of this scale and opportunity presents itself to the multifamily investor community. The "Robertson Portfolio "1904, 1916, 1920 S Robertson Blvd is a significant offering of 60 existing permitted units within 39,431 SF of improvements situated on over a contiguous acre of R3 residential land on S. Robertson Blvd. just South of Beverly Hills and North of Culver City. The offering includes APN #4302-019-001,002, & 003. Adding to its meaningful statistics, the Roberson portfolio has no less than 36 vacancies making for an incredible reposition opportunity to drive value and yield in this most desirable of submarkets. The property's configuration is nearly ideal given its unit mix of mostly one and two bedroom units as well as storage and garage space that is well situated for potential ADU conversions. With sales comps of similar properties trading at mid 3% cap rates and per unit cost trending at $450k per unit for existing housing stock, the Robertson portfolio, at only $367K offers meaningful upside to be extracted through the rehabilitation, relet and stabilization of this community of assets. Development potential exists as both in market rate or a an affordable housing project which has the potential to increase the density to approximately 150 units. In total, the Robertson Portfolio the merits the attention of anyone serious about undertaking deep value added opportunities, new development or growing their portfolio with significant assets in WLA. The properties can be purchased together or separately.

  • September, 1993

  • Sep 14, 1993

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1904 S Robertson Blvd

Assessed Value (2020): $1,515,583
Year Land Value Improved Value Assessed Value
2020 $1,041,973 $473,610 $1,515,583

Home Value Compared to the Market

This property vs the competition

1904 S Robertson Blvd is listed 516.67% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $424.31 per/sqft which puts the price per square foot 44.75% lower than the median price per square foot for the city of Los Angeles.

About 1904 S Robertson Blvd

Detailed summary of property

1904 S Robertson Blvd is a multi family located in Los Angeles, CA 90034 and is currently for sale. This multi family property offers 33 bedrooms, 30 bathrooms, roughly 17,440 living square feet, and sits on an approximately 21,482 square foot lot. 1904 S Robertson Blvd was first listed on ArdentRealEstateGroup.com on September 17, 2024. The homeowner is currently asking $7,400,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 516.67% higher than the median priced home. Local competing homes currently for sale include 411 30th St, 17332 Irvine Blvd and 16812 Red Hill Ave. While the average home in Los Angeles, CA is selling in 106 days, 1904 S Robertson Blvd has a days on market of 3 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1904 S Robertson Blvd Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1904 S Robertson Blvd

Public county record property details
Beds
--
Baths
--
Year built
1954
Sq. Ft.
17,440
Lot Size
21,475
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
1-2,6-8
APN
4302-019-001

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,695,000
Median List Price/Sq.Ft.
$898
Median Sold Price
$1,480,000
Median Sold Price/Sq.Ft.
$919
Total Inventory
70
Median Sale to List Price %
105.79%
Avg Days on Market
29
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (12.5%), Other (12.5%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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