120 Robertson BlvdLos Angeles, CA 90048

Property Details for 120 Robertson Blvd

Year built

1966

Construction

CONCRETE

Lot size

1.48 AC

Property size (Sq ft)

192,766 SF

Zone code

LAC2

Property type

Office properties

Property subtype

Office buildings

APN

4334-002-029

APU

4334002029

Description

This exceptional commercial property, located at 120 N. Robertson Boulevard in Los Angeles, California (zip code 90048), offers a unique opportunity for businesses seeking high-visibility locations. The property, situated in Los Angeles County, is a multi-tenant building totaling 5,642 square feet, with a significant portion currently vacant at 4,057 square feet. Two spaces are immediately available, each offering flexible layouts ranging from a minimum of 1,986 square feet to a maximum contiguous space of 2,071 square feet. The property is ideally suited for retail businesses or restaurants, given its prime location directly across from the renowned Ivy Restaurant on the world-famous Robertson Boulevard. The building itself has recently undergone a multi-million dollar renovation, ensuring modern and updated facilities for tenants. This location provides unparalleled access to high foot traffic and a sophisticated clientele, making it an exceptional investment opportunity for discerning businesses. The property's address is 120 N Robertson Blvd, Los Angeles, CA. This is a chance to establish a presence in one of Los Angeles' most desirable and high-traffic retail corridors.

• CAP approach

  CAP return

  Valuation

  6%

  $55,851,988

  6.5%

  $51,555,684

  7%

  $47,873,136

• Comparable approach

  Method

  Valuation

  Relative Method

  $36,656,384

  Geo Method

  $36,656,384

• Alternative Use

  Use

  Valuation

  Residential

  $63,929,048

  Hospitality

  $58,558,664

  Educational

  $48,720,120

  Medical

  $50,395,680

  Retail

  $75,786,856

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.076

Longitude

-118.383

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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