2025 W 3rd ST, Los Angeles, CA 90057
2025 W 3rd ST, Los Angeles, CA 90057
2025 W 3rd ST, Los Angeles, CA 90057
2025 W 3rd ST, Los Angeles, CA 90057
2025 W 3rd ST, Los Angeles, CA 90057
2025 W 3rd ST, Los Angeles, CA 90057
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
STEVE & KRISTA: The WIDNER Team

STEVE & KRISTA: The WIDNER Team

+1(949) 842-5551
$ 12,999,000
Est. payment | /mo

0.92 Acres Lot

Save
$ 12,999,000
Est. payment | /mo
Save

0.92 Acres Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26162855

HOA Y/N No

Year Built 1961

Lot Size 0.916 Acres

Property Sub-Type Mixed Use

Property Description

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning C2-1

Interior

Fireplace No

Laundry Common Area

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Present Use Multi-Family

Building

Lot Description Corner Lot, Over 40 Units/Acre, Near Public Transit, Paved

Story 3

Water Public

Others

Tax ID 5154020038

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Logan Altman Altman Apartments LLC 310-903-0222, DRE #01965826

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

STEVE & KRISTA: The WIDNER Team
STEVE & KRISTA: The WIDNER Team

Agent | License ID: 00680027

+1(949) 842-5551

29811 Santa Margarita Parkway, Suite 100, Margarita, CA 92688

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of STEVE & KRISTA: The WIDNER Team, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

2025 W 3rd ST

QUICK SEARCH