9.9 GRM in the heart of Pico-Robertson. Owned by the same partnership for over 40 years. 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. Consistent investor demand and liquidity supported by employment density and limited new multifamily supply.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 32
- Full Bathrooms: 3
Heating and Cooling
- Cooling Features: Wall/Window
- Heating Features: Central
- Heating: Yes
Land Info
- Lot Size Acres: 0.4932
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 21482
Garage and Parking
- Parking Features: Uncovered
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 28
- Unit Type: 2
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 1
- Total Bathrooms in Unit-1: 2
- Total Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-1: 2
- Full Bathrooms in Unit-2: 1
- Unit 1 Total Actual Rent: 11150
- Unit 2 Total Actual Rent: 55400
Rental Info
- Gross Income: 652428
- Gross Scheduled Income: 656460
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 5.81
- Directions: 1904 S Robertson Blvd.
- Source Property Type: Residential Income
- Area: Beverlywood Vicinity
- Source Neighborhood: Beverlywood Vicinity
- Parcel Number: 4302-019-001
- Zoning: LAR3
Commercial Info
- Net Operating Income: 377638
- Operating Expense: 262511
Building and Construction
- Total Square Feet Living: 17440
- Year Built: 1954
- Levels: Two Level
- Living Area Source: Vendor Enhanced
- Property Age: 72
- Levels or Stories: 0
- Year Built Source: Vendor Enhanced
Accessibility Features
Home Features
- Other Equipment: Ceiling Fan, Microwave, Dishwasher, Garbage Disposal, Range/Oven