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
Source of Data:
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.
PROPERTY DETAILS
- Interior
- 17,440 Sq Ft.
- Property Type
- Multi Family Townhouse
- Year Built
- 1954
- MLS/Listing ID
- 23-235777
- Days On Market
- 47
Listing Courtesy of Kidder Mathews of California, Inc., Scott Rosenberg - 01456686 - 310-889-8738
Los Angeles
Featured neighborhood
Los Angeles
Downtown offers many new amenity-rich condo and rental buildings.
Read more about Los AngelesNEARBY LISTINGS
1903 Preuss Rd
La Cienega Heights, Los Angeles, CA 90034
$2,695,000
3beds2baths
Listing Courtesy of Compass, Michael Ferman - 02089113 - 814-688-8186 and Jami Nash - 01939771 - 310-770-4686
9017 Cresta Drive
Beverlywood, Los Angeles, CA 90035
$2,500,000
4beds3baths
Listing Courtesy of Keller Williams Premier Prop., Danny Talamantes - 949-910-6833
2142 Hillsboro Ave
Beverlywood, Los Angeles, CA 90034
$2,159,000
4beds3baths
Listing Courtesy of Power Brokers, Marc 'Meir' Nemetsky - 01946024 - 310-926-3119
2023 Preuss Road
La Cienega Heights, Los Angeles, CA 90034
$8,250,000
Listing Courtesy of Vista Sotheby's International Realty, Listing Agents Eva Jacobs - CA DRE Lic. #01904512 - 310-546-7611