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2025 W 3rd Street Los Angeles, CA $ 12,999,000
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2025 W 3rd Street
$ 12,999,000
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2025 W 3rd Street

Los Angeles, CA, 90057
$ 12,999,000
Bedrooms-- Baths-- Sq 19,995

Monthly Estimate*

$ 82,077

Listed by Altman Apartments LLC
2025 W 3rd Street, Los Angeles, CA 90057 - Image 1
2025 W 3rd Street, Los Angeles, CA 90057 - Image 2
2025 W 3rd Street, Los Angeles, CA 90057 - Image 3
2025 W 3rd Street, Los Angeles, CA 90057 - Image 4
2025 W 3rd Street, Los Angeles, CA 90057 - Image 5
2025 W 3rd Street, Los Angeles, CA 90057 - Image 6
2025 W 3rd Street, Los Angeles, CA 90057 - Image 7
2025 W 3rd Street, Los Angeles, CA 90057 - Image 8
2025 W 3rd Street, Los Angeles, CA 90057 - Image 9

Commercial Property for sale in Los Angeles, CA

for $12,999,000. This 19,995 square foot building was built in 1961 on a lot size of 0.9161.

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.

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Commercial Active

Price

$ 12,999,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.9161

Year Built

1961

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR26162855

Days on Market

4
Features
General
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Zoning C2-1
Year Built 1961
Property Subtype Mixed Use
Current Use Multi-Family
Business Type Florist/Nursery Restaurant
Building Name Royal Viking Apartments
County Los Angeles
Net Operating Income 868577
Operating Expense 536301
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active
Directions From the 110 Freeway exit 3rd Street and head west to the property at the northwest corner of W 3rd Street and S Alvarado Street.
City Los Angeles
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 39907
Listing Terms Cash Conventional
Land Lease Y/N false
Additional Parcels Y/N false
Lease Considered Y/N false
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Property Sub Type Additional Mixed Use
Cap Rate 6.68
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Interior
Total Stories 3
Laundry Features Common Area
Entry Level 1
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Exterior
Lot Features Corner Lot Over 40 Units/Acre Near Public Transit Paved
Water Source Public
Lot Size Area 39907
Number of Buildings 2
Building Area Total 19995
Lot Size Acres 0.9161
Lot Size Source Assessor
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* Excluded Features
List By
Altman Apartments Llc

Broker

logan@altmanapartments.com

Email

Affordability Calculator

$82,077
Per Month
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Monthly Principal & Interest
$82,077
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/26/2026$12,999,000 Listed Price

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2025 W 3rd Street, Los Angeles, CA, 90057 is a Commercial Property for sale at $12,999,000 with 19,995 sqft and a lot size of 0.9161. 2025 W 3rd Street was built in 1961. The property's zip code is 90057 which is in Los Angeles, CA

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