$12,999,000
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.
Listed by Logan Altman with Altman Apartments LLC (310) 903-0222
Property Type
Mixed Use
Status
Active
MLS Number
SR26162855
Year Built
1961
Lot Size
0.92 acres
Click to interact with map
6200 Avalon Blvd, Los Angeles
Listed by Oron Maher with Maher Commercial Realty
5326 W Sunset, Los Angeles
Listed by Maria Babakitis with KELLER WILLIAMS REALTY V.V.
4510 Avocado St, Los Angeles
Listed by Bruce Jay with Bruce Jay Associates
4673 Hollywood Blvd, Los Angeles
Listed by Mark Cianciulli with The CREM Group
2801 12th St., Los Angeles
Listed by Karina Saranovic Wukelic with PRODUCRE, INC.
1235 S Beverly Glen Blvd, Los Angeles
Listed by Greg Blake with Coldwell Banker Realty
2683 San Marino St, Los Angeles
Listed by Veer Jain with Drona Realty & Mortgages
3111 Ocean Front Walk, Los Angeles
Listed by Jason Oppenheim with The Oppenheim Group, Inc.
