Property Description

OPPORTUNITY

Le Roi offers stable in-place income with significant value-add potential, supported by approximately 40% rental upside through the repositioning of units with legacy tenants.
Six units have already been fully renovated to luxury standards, establishing a proven framework for future renovations and rent growth. Residents benefit from immediate proximity to major retail centers, grocery stores, dining options, and Metro transit lines.
PROPERTY DESCRIPTION

PROPERTY DESCRIPTION

Le Roi consists of twelve spacious apartment units situated within a 7,552-square-foot building atop an 8,136-square-foot lot. The community features a mix of studio and
one-bedroom floorplans, with six residences recently upgraded with hardwood style flooring, designer kitchens equipped with stainless steel appliances including gas ranges, dishwashers and refrigerators, hotel-style bathrooms with deep soaking tubs, and energy-efficient air conditioning. The building has received exterior enhancements, including a fresh paint finish, while retaining its mid-century architectural character. Gated onsite parking enhances tenant convenience and appeal, and the property is pet-friendly, further boosting its desirability.

LOCATION

Le Roi receives a “Walkers Paradise” score of 92 on Walkscore.com. The property represents a compelling opportunity to acquire a well-located asset with a strong foundation for long-term growth in a historically supply-constrained submarket. Located just south of Wilshire Boulevard and within walking distance to Koreatown Galleria, Ralphs, and multiple Metro lines, Le Roi offers both immediate access to major employment centers and long-term investment stability.