254 S Normandie Avenue
Los Angeles, CA 90004
0.17 acres | #OC24214288
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.
Property Details
- Lot DescriptionTwentyOneToTwentyFiveUnitsAcre
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$2,675,000
- MLS #OC24214288
- MLS #OC24214288
- Property SubtypeApartment
- Cost2675000
- Acres0.1722
- Year Built1957
- Stories2
- Parking Spaces3
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Mike Marcu (#SMARCMIK)
Listing Office: Mike Marcu, Broker (#OC06634)
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