1904 S Robertson Blvd, La Cienega Heights, Los Angeles, CA 90034

La Cienega Heights, Los Angeles, CA 90034
$8,275,000
30
beds
Multi Family Townhouse

AGENTS

Rachelle Rosten
Rachelle Rosten
  • Licensed Real Estate Salesperson
  • DRE #: 01255977
V-Card
Source of Data:
Combined Los Angeles/Westside MLS
Combined Los Angeles/Westside MLS

Property Description

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.
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PROPERTY DETAILS

  • Interior
    17,440 Sq Ft.
  • Property Type
    Multi Family Townhouse
  • Year Built
    1954
  • MLS/Listing ID
    23-235777
  • Days On Market
    47

Amenities

  • Pool
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Listing Courtesy of Kidder Mathews of California, Inc., Scott Rosenberg - 01456686 - 310-889-8738