254 S Normandie AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90004
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24214288
Year Built 1957
Lot Size 7,501 Sqft
Property Sub-Type Apartment
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
Laundry Common Area
Exterior
Parking Features None
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Sidewalks,Urban
Building
Lot Description 21-25 Units/Acre
Story 2
Sewer Public Sewer
New Construction No
Others
Acceptable Financing Cash,Cash to Existing Loan
Listing Terms Cash,Cash to Existing Loan
Special Listing Condition Standard