Yvette Watson - Coldwell Banker Commercial Real Estate Solutions Logo
$12,999,000
( $650.11Per Sq Foot )
 $69,781 est/mo Sourced by Back At You

2025 W 3rd Street,Los Angeles, CA 90057

Los Angeles, CA 90057

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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.

Details

MLS #SR26162855
Listing TypeFor Sale
StyleMixeduse
Building NameRoyal Viking Apartments
Sub-TypeResale
StatusActive
Year1961
Days On Site54
Listing Provided ByAltman Apartments LLC | Logan Altman

Features

SQ Feet19,995
Story(s)3
Building(s)2
ZoningC2-1
Acreage0.92

Exterior

Lot FeaturesCorner Lot, Over40Units Acre, Near Public Transit, Paved

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90057
AreaC42 Downtown L.A.
Listing VS Median (in 90057)
Price:
$12,999,000
low | high
Med:
$1,870,000
100% of Average
sqft:
19,995
low | high
Med:
6,789
100% of Average
$ / sqft:
$650
low | high
Med:
$359
94.731560910683% of Average
On site:
54
low | high
Med:
124.5
43.373493975904% of Average
Sourced by Back At You

Market Activity 90057

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Learn More About This Property

Yvette Watson

Yvette Watson

Coldwell Banker Home Source

02046244 (909) 489-6340yvette.watson@cbhomesource.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90057
AreaC42 Downtown L.A.
Listing VS Median (in 90057)
Price:
$12,999,000
low | high
Med:
$1,870,000
100% of Average
sqft:
19,995
low | high
Med:
6,789
100% of Average
$ / sqft:
$650
low | high
Med:
$359
94.731560910683% of Average
On site:
54
low | high
Med:
124.5
43.373493975904% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $9.749M - $16.248M
sqft: 14,500 - 24,500
Nearby Listings Property ImageNearby Listings Details
511 S Union Avenue Property Photo 1
$3,150,000
511 S Union Avenue
Los Angeles, CA 90017
Listing Updated: August 21, 2026 at 10:23:40 PM PDT

Yvette Watson - Coldwell Banker Commercial Real Estate Solutions