1904 S Robertson Blvd, Los Angeles, CA 90034

Jan 13

$6,500,000 Sales Price

28
Units

17,440
Sq Ft

1904 S Robertson Blvd A 28 Unit West Los Angeles Value Add Opportunity

1904 S Robertson Blvd presents a compelling 28 unit multifamily opportunity located in the heart of West Los Angeles, positioned between Culver City, Century City, and Beverly Hills. This stretch of Robertson Blvd has consistently attracted both tenants and investors due to its proximity to major employment hubs, strong lifestyle amenities, and limited new housing supply.

The property sits on a 21,476 square foot lot and consists of 17,440 square feet of rentable space. Built in 1954 and owned fee simple, the asset offers a unit mix that aligns well with the surrounding renter base, primarily professionals working in entertainment, tech, finance, healthcare, and legal sectors throughout West LA.

From an operational standpoint, the property demonstrates strong in place income with clear upside. Current net operating income is approximately $377,638, producing a 5.81 percent cap rate. Through vacancy stabilization, rent normalization, and continued professional management, pro forma net operating income increases to approximately $520,062, resulting in an 8.00 percent pro forma cap rate. Gross rent multipliers improve from 9.96 to 8.06, highlighting the efficiency gained through execution.

Cash flow further reinforces the strength of this opportunity. After debt service, the property generates approximately $76,411 annually at current operations, equating to a 3.5 percent return. On a pro forma basis, annual cash flow increases to approximately $218,835, or 10.1 percent. This growth is driven by a realistic underwriting approach supported by market rent comparables in the immediate area.

Assets like 1904 S Robertson Blvd continue to trade well because they combine durable location fundamentals with real value creation opportunities. In a supply constrained West Los Angeles submarket, well located multifamily properties with upside remain highly sought after by both private and institutional capital.

If you would like a full underwriting breakdown or to discuss this opportunity in more detail, reach out directly to The Rockwell Group.