2008 S Robertson Blvd - Apartments FOR SALE


Los Angeles, CA 90034- Mid-City
$5,195,000 USD
310-621-8221
2008 S Robertson Blvd, Los Angeles, CA for Sale
$5,195,000 USD
Apartments - FOR SALE
1/18
null | 5.66% Cap Rate

2008 S Robertson Blvd
Los Angeles, CA 90034
Mid-City


HIGHLIGHTS

  • 2 Separate APN's to Avoid ULA Transfer Tax (Buyer to verify)
  • Great Unit Mix of One and Two Bedroom Units plus a Billboard
  • Almost a 6% Cap Rate on Existing Income with Massive Upside
  • Great ADU Potential (Garages off alley)

OVERVIEW

2008-2012 S Robertson Blvd Apartments consists of two adjacent 10 unit apartment buildings, each with it’s on parcel number (APN). The property, which consists of 20 apartments plus 1 billboard, is situated in the Beverlywood neighborhood of Los Angeles, California, just south of Beverly Hills. Situated on ±16,572 gross square feet, the property offers 8 one-bedroom units each measuring ±750 square feet each, 10 two-bedroom unit each measuring ±950 square feet, 2 studios each measuring ±500 square feet, and 1 billboard. The average unit size is approximately ±825 square feet. The property has impressive rental upside as the average one-bedroom is currently $1,777 while the market rent for one-bedroom apartments in the area is approximately $2,100 and the average two bedroom one bathroom apartment is $1,677, while market rents for two bedroom apartments in the area is approximately $2,500. The property is a rare value-added opportunity with rental upside and includes a billboard on Robertson Blvd. Residents enjoy the benefits of living close to the beach, shopping centers, public transportation, and the major freeways (405 and 10). There are 8 private garages in the rear of the property and units are individually metered for gas and electricity.

FOR SALE DETAILS

PRICE

$5,195,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

20

PRICE/UNIT

$259,750

CAP RATE

5.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

20 Units Plus Billboard in Beverlywood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,252 SF

ZONING

C2-1, Los Angeles

APN/PARCEL ID

4302-018-002,4302-018-003

ASK ABOUT THIS PROPERTY

Brent SprenkleNorthmarqMore Info
310-621-8221

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Brent SprenkleNorthmarqMore Info
310-621-8221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.