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1904 S Robertson Blvd 28 Unit Apartment Building $6,500,000 ($232,143/Unit) 5.81% Cap Rate Los Angeles, CA 90034
INVESTMENT HIGHLIGHTS
- Great Unit Mix Composed of One and Two-Bedroom Units
- Separately Metered for Gas and Electric
- Property Offers On-Site Laundry Facilities, Swimming Pool and Parking for Tenants
EXECUTIVE SUMMARY
Same Ownership for +40 Years.
28-Unit multifamily property located on Robertson Blvd in the heart of West Los Angeles between Culver City, Century City, and Beverly Hills. Strong in place income with clear upside through vacancy stabilization and rent normalization. Favorable one and two bedroom unit mix on a large 21,476 SF lot in a proven rental corridor.
28-Unit multifamily property located on Robertson Blvd in the heart of West Los Angeles between Culver City, Century City, and Beverly Hills. Strong in place income with clear upside through vacancy stabilization and rent normalization. Favorable one and two bedroom unit mix on a large 21,476 SF lot in a proven rental corridor.
PROPERTY FACTS
| Price | $6,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $232,143 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 5.81% | Building Size | 17,440 SF |
| Gross Rent Multiplier | 9.96 | Average Occupancy | 21% |
| No. Units | 28 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Zoning | LAR3 | ||
| Price | $6,500,000 |
| Price Per Unit | $232,143 |
| Sale Type | Investment |
| Cap Rate | 5.81% |
| Gross Rent Multiplier | 9.96 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 17,440 SF |
| Average Occupancy | 21% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | LAR3 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | $50,429 | 600 |
| 2+2 | 4 | $10,031 | 750 |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 4302-019-001 | Improvements Assessment | $517,959 |
| Land Assessment | $1,139,547 | Total Assessment | $1,657,506 |
PROPERTY TAXES
Parcel Number
4302-019-001
Land Assessment
$1,139,547
Improvements Assessment
$517,959
Total Assessment
$1,657,506
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1904 S Robertson Blvd
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