$14,000,000
- Beds
- 37
- sq ft
- 21,997
1920 S Robertson Blvd, Los Angeles, CA 90034
1920 S Robertson Blvd
Los Angeles, CA 90034
- 387 days on market
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!
Details
Property type
Property condition
Fixer
Lot size
0.5598 acres
Price per sq ft
$637
Year built
1954
HOA
No
Price History
12/31/2023
![CLAW](/_next/static/media/clawLogo.95a18e7e.png)
CLAW #23278819
Listed
$14,000,000
Schools & Community
Neighborhood:
Crestview
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Gated
Community features:
Gated
Status: Active
Tomo last checked: 07/01/2024 at 7:25 AM
Listing updated: 06/27/2024 at 8:23 AM
Listed by: Scott Rosenberg, Kidder Mathews of California, Inc. Phone #: (310) 807-0880
MLS: CLAW #23278819
![CLAW logo](/_next/static/media/clawLogo.95a18e7e.png)
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