254 S Normandie Avenue

Los Angeles, CA 90004

$2,675,000

List Price

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bed Beds

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shower Baths

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straighten / sqft

1957

calendar_month Built

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.

Listing Information

List Price $2,675,000
Status Active
MLS OC24214288
Type Residential Income
Subtype Apartment
Year Built 1957
Lot Size 7,503
Structure Size N/A
DOM 65
Courtesy Of Mike Marcu, Broker
Listing Agent Mike Marcu DRE#00919594

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
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Exterior Information

Maps

Listing information courtesy of: Mike Marcu, Mike Marcu, Broker 949 688 1224. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 20th, 2024 at 5:57 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.