The more commonly represented indicates to a connection with the name "Lohe", Central and Upper German for a more or less dwindling alluvial forest and/or a light grove intermingled with shrubbing/coppice.
Here is the consideration, that the pharyngeally pronounced word Lohe, thus perhaps Loche, adjusted and led Orthography in the course of time for other own place names, for example Lochham or Lochhausen.
Hereafter, the Bavarian diminutive Löhel, modernly, if even somewhat crudely spelled "Lehel", refers to a small bit of said alluvial forest.
The author György Dalos mentions in his book "Hungary in a nutshell" the execution of the Hungarian army commander Lehel in the year 955 at Regensburg and thus this district of Munich was named after this hapless warrior.
(Statistical Pocket Book of Munich) Houses of Altstadt in a backyard of Widenmayer Street in Lehel, later demolished prior to the construction of and substituted by an insurance trust's giant office building, served as the backdrop of the joiner's workshop in Meister Eder und sein Pumuckl.