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$2,675,000
Est. payment /mo
7,501 Sqft Lot
UPDATED:
12/20/2024 05:57 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24214288
HOA Y/N No
Year Built 1957
Lot Size 7,501 Sqft
Property Description
The Le Roi Apartments is located in a solid infill Los Angeles location within the northern section of Koreatown. Featuring 5 studio and 7 one-bedroom apartments, approximately 6 of which have been renovated, the property offers an opportunity to capture as much as a 40% increase in the Net Operating Income which equates to a 7.33% capitalization rate at market rents. Parking consists of 3 garages, 4 tuck-under spaces, and 4 carport spaces, totaling 11 parking spaces. Master metered for utilities; ownership has instituted a RUBS program to stabilize expenses.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LAR4
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features None
Garage Spaces 3.0
Carport Spaces 8
Garage Description 3.0
Pool None
Community Features Sidewalks, Urban
Total Parking Spaces 11
Private Pool No
Building
Lot Description 21-25 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5518007022
Energy Description 3338.0
Acceptable Financing Cash, Cash to Existing Loan
Listing Terms Cash, Cash to Existing Loan
Special Listing Condition Standard
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Listed by Mike Marcu • Mike Marcu, Broker • 562-260-0940
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