19,995 sqft

$12,999,000

2025 W 3rd Street, Los Angeles CA, 90057

Price per sqft$650.11

Built in1961

Property size19,995 sqft

Property typeCommercial

Listed by Logan Altman CA DRE# 01965826 with Altman Apartments LLC 310-903-0222

Overview

Active

Listed Jul 26, 2026

Updated 4 weeks ago

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.

Additional information

MLS^® ID: SR26162855

Interior Features

Basement: No

Exterior Features

Lot Size: 0.92 Acres

Listed by Logan Altman CA DRE# 01965826 with Altman Apartments LLC 310-903-0222

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/20/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/20/2026 at 3:59 AM UTC Last Checked: 3:59 AM UTC