$ 12,999,000
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$12,999,000
Price -
0
Bed -
0
Bath -
19,995
SqFt
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About the Listing SR0114700 - SR207061458
The iconic Royal Viking — a 62-unit Westlake mixed-use value-add: 59 efficiency studios plus 3 ground-floor commercial spaces, fully gut-renovated in 2024 with 21 newly built units and all residential units registered and legal with LAHD. Offered at a 6.68% in-place cap rising to a 7.27% pro forma on all-charges income (rents, parking, laundry and utility reimbursement). Rare rent flexibility: 7 non-rent-controlled units plus an active legacy hotel license for short-term / hospitality optionality. Amenities include 47 on-site parking spaces, a pool and a resort-style roof deck. Sited on a large +/-39,907 SF (0.92-acre) R4-1/C2-1 transit-adjacent parcel — significant long-term density, ADU and redevelopment upside beyond the 19,995 SF of improvements. Additional upside through commercial lease-up, studio mark-to-market and full parking utilization. Steps to the Metro B/D lines. A rare combination of in-place cash flow, operational flexibility and development optionality in supply-constrained Westlake.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
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- Below Ground Sq Ft: n/a
- Basement:
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- Water: Public
Exterior Details
- Lot Description: Corner Lot,Over 40 Units/Acre,Near Public Transit,Paved,No Land Lease
- Garage Capacity: N/A
- Zoning: C2-1
- Roof:
- Others: Has ADU
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5154020038
- Tax Year: N/A
Payment Calculator
Monthly Payment
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2025 W 3rd St Los Angeles, CA 90057
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