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.
Property Details
Price:
$2,675,000
MLS #:
OC24214288
Status:
Active
Baths:
0
Address:
254 S Normandie Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
699notdefined
City:
Los Angeles
Listed Date:
Oct 14, 2024
State:
CA
ZIP:
90004
Lot Size:
7,503 sqft / 0.17 acres (approx)
Year Built:
1957
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Schools
Interior
Exterior
Community Features
Sidewalks, Urban
Garage Spaces
3.00
Lot Features
21-25 Units/ Acre
Parking Features
None
Parking Spots
11.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address254 S Normandie Avenue Los Angeles CA
- Area699 – Not Defined
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
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Courtesy of Mike Marcu, Broker. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.254 S Normandie Avenue
Los Angeles, CA
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