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$ 4,350,000
Est. payment | /mo
30 Baths
17,730 SqFt
$ 4,350,000
Est. payment | /mo
30 Baths
17,730 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 17,730 sqft
Price per Sqft $245
MLS Listing ID 26648425
HOA Y/N No
Year Built 1927
Lot Size 8,407 Sqft
Property Description
124 N Westmoreland Ave | 30-Unit Rent-Controlled Multifamily Portfolio Offering in Koreatown / East Hollywood. Built in 1927, this well-located urban infill asset is comprised entirely of (30) studio units, a product type that continues to perform well in high-density, transit-oriented submarkets due to affordability, leasing velocity, and operational efficiency. The property is currently operating with multiple vacant units and below-market in-place rents, providing immediate upside through lease-up and systematic rent optimization across the rent roll. Situated along a dense residential corridor with proximity to major employment centers, neighborhood retail, and public transportation, the asset benefits from durable tenant demand in one of Los Angeles' most supply-constrained rental markets. Offered exclusively as part of a two-property Westmoreland Avenue portfolio, the property must be acquired together with the adjacent asset at 118 N Westmoreland Ave.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAM1
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Microwave
Exterior
Parking Features None
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5501007016
Special Listing Condition Standard
Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc. #02060040
NEARBY SCHOOL & BUSINESS
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA
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