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254 S Normandie Ave, Los Angeles, CA 90004

List Price: $2,495,000On Market FlagOn market
May 5, 20257,552 sqft8 beds0 baths
Listed by: Mark Ventre
License #: 01811490
Phone #: 323-202-9741
Lyon Stahl Investment Real Estate, Inc.
Source:
CRMLS Logo
MLS #: 25534635

Property Description

Le Roi is a boutique, twelve-unit apartment community strategically located between Wilshire Boulevard and 6th Street in Koreatown, one of Los Angeles' most walkable and transit-connected neighborhoods. 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. 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.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$27,666

TurboHome Estimated Value

$2,169,700

$287 sqft

High Valuation
$2,278,185
$302/sqft
Normal Valuation
$2,169,700
$287/sqft
Low Valuation
$2,061,215
$273/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$287/sqft$2,169,700

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