1920 S Robertson Blvd, Los Angeles, CA 90034
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1920 S Robertson Blvd Los Angeles, CA 90034

$14,000,000
  • 37 Beds
  • 32 Baths
  • 21,997 Sq.Ft.
For Sale
$14,000,000 Get Pre-Qualified

Map preview of 1920 S Robertson Blvd, Los Angeles, CA 90034

Property Overview: 1920 S Robertson Blvd Los Angeles, CA has 37 bedrooms, 32 bathrooms, 21,997 living square feet and 24,384 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: 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!

Listed by Scott Rosenberg | BRE #01456686 | Kidder Mathews of California, Inc.
Last checked: 7 minutes ago | Last updated: June 27th, 2024 | Source CRMLS | DOM: 412
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Home details

Lot Sq. Ft
24,384
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23278819
City
Los Angeles
County
Los Angeles
Time on Site
404 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 32
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 19
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 3
  • # of Units: 9
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1920 S Robertson Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Natural Gas
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: Two
  • Security Features: Gated Community, Fire Sprinkler System
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 20
  • Has Parking
  • Parking Features: Gated
Lot Information
  • Lot Size Source: Other
Property Information
  • Has View
  • View: Courtyard
  • Total # of Units: 32
  • Parcel Number: 4302019003
  • Year Built Source: Assessor
  • Architectural Style: Mid Century Modern
  • Has Additional Parcels
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East side of Robertson, South of Sawyer. Located near other great neighborhoods such as Culver City and Palms/Mar Vista.
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Sale History for 1920 S Robertson Blvd

Last sold for $300,000 on January 14th, 2002
  • June, 2023

  • Jun 1, 2023

    Date

    Active

    CRMLS: 23278819

    $13,000,000

    Price

  • March, 2023

  • Mar 16, 2023

    Date

    Expired

    CRMLS: 22148073

    $13,000,000

    Price

  • Apr 15, 2022

    Date

    Active

    CRMLS: 22148073

    $13,000,000

    Price

  • Listing provided courtesy of CRMLS

    The "Robertson Opportunity" located on 1916-1920 S Robertson Blvd presents an investor the opportunity to acquire a fully vacant, 21,997SF, multifamily asset, situated on a 24,384 LAR3 lot in the WLA community bordering Cheviot Hills, Pico-Robertson and Culver City. City records indicate a total of 32 units were on the site. Formerly an adult care facility, this asset has the potential to be returned back to apartments with the potential to add ADU units. There is an estimated 5,000 SF of improvement not currently allocated to residential use, making for plenty of opportunity to add units and ADU's within the existing structures. Alternatively, one has the potential to build a new multifamily development on the large24,384 SF lot. By using by-right and density bonus criteria one may be able to build 35-50 new units, with the potential to increase the unit count further with the addition of ADUs. In total, due to the tremendous opportunity to add value through renovation or new development, this asset represents a compelling opportunity to build significant equity, generate an out sized yield on cash, all while being very well positioned to capitalize on any inflationary pressure expected to occur in the years ahead.

  • January, 2002

  • Jan 14, 2002

    Date

    Sold (Public Records)

    Public Records

    $300,000

    Price

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Tax History for 1920 S Robertson Blvd

Assessed Value (2020): $2,201,806
Year Land Value Improved Value Assessed Value
2020 $1,314,332 $887,474 $2,201,806

Home Value Compared to the Market

This property vs the competition

1920 S Robertson Blvd is listed 1066.67% 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 $773 and this home is listed at $636.45 per/sqft which puts the price per square foot 17.66% lower than the median price per square foot for the city of Los Angeles.

About 1920 S Robertson Blvd

Detailed summary of property

1920 S Robertson Blvd is a multi family located in Los Angeles, CA 90034 and is currently for sale. This multi family property offers 37 bedrooms, 32 bathrooms, roughly 21,997 living square feet, and sits on an approximately 24,384 square foot lot. 1920 S Robertson Blvd was first listed on ArdentRealEstateGroup.com on June 9, 2023. The homeowner is currently asking $14,000,000 and was originally asking $13,000,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 1066.67% higher than the median priced home. Local competing homes currently for sale include 130 S Alexandria Ave, 2611 E Broadway and 283 Avocado St. While the average home in Los Angeles, CA is selling in 101 days, 1920 S Robertson Blvd has a days on market of 412 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 1920 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 1920 S Robertson Blvd

Public county record property details
Beds
--
Baths
--
Year built
1954
Sq. Ft.
14,602
Lot Size
16,255
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
4,5
APN
4302-019-003

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
$1,699,000
Median List Price/Sq.Ft.
$911
Median Sold Price
$1,895,000
Median Sold Price/Sq.Ft.
$1,003
Total Inventory
56
Median Sale to List Price %
111.54%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (14.29%), Other (14.29%)

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Related Resources to 1920 S Robertson Blvd

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.