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$ 2,495,000
Est. payment | /mo
7,501 Sqft Lot
$ 2,495,000
Est. payment | /mo
7,501 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25534635
HOA Y/N No
Year Built 1957
Lot Size 7,501 Sqft
Property Description
Le Roi is a boutique, twelve-unit apartment community strategically located between Wilshire Boulevard and 6th Street in Koreatown, one of Los Angeles' most walkable and transit-connected neighborhoods. Le Roi offers stable in-place income with significant value-add potential, supported by approximately 40% rental upside through the repositioning of units with legacy tenants. Six units have already been fully renovated to luxury standards, establishing a proven framework for future renovations and rent growth. Residents benefit from immediate proximity to major retail centers, grocery stores, dining options, and Metro transit lines. Le Roi consists of twelve spacious apartment units situated within a 7,552-square-foot building atop an 8,136-square-foot lot. The community features a mix of studio and one-bedroom floorplans, with six residences recently upgraded with hardwood style flooring, designer kitchens equipped with stainless steel appliances including gas ranges, dishwashers and refrigerators, hotel-style bathrooms with deep soaking tubs, and energy-efficient air conditioning. The building has received exterior enhancements, including a fresh paint finish, while retaining its mid-century architectural character.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4
Interior
Fireplace No
Laundry Common Area
Exterior
Community Features Gated
Total Parking Spaces 11
Building
Story 2
Others
Tax ID 5518007022
Security Features Gated Community
Special Listing Condition Standard
Listed by Mark Ventre • Lyon Stahl Investment Real Estate, Inc.
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