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Berkshire Hathaway HomeServices California Properties

2025 W 3rd Street, Los Angeles, CA 90057

$12,999,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Logan Altman | logan@altmanapartments.com
Lic#: 01965826
Broker: Courtesy of Altman Apartments LLC
Phone: 310-903-0222

Listing Details

Property type: Mixed Use (Commercial)

Property Sub-Type:

Status: Active

Listing ID: SR26162855

Price: $12,999,000

Rental Rate: $12,999,000

Lot Size:

Built in 1961

0.92 acres

County: Los Angeles

Zoning: C2-1

Lot description: Corner Lot,Over 40 Units/Acre,Near Public Transit,Paved

Last Updated: 7/26/2026

Days On Market (DOM): 8

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Lat/Long: 34.063052, -118.272208.
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Property Details

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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