Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.- MLS# 26648423
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Request Info118 N Westmoreland AveLos Angeles, CA 90004
Multi-Family · 18,765 Sq. ft. | 0.19 Acres$3,750,000
Active
118 N Westmoreland Ave Overview
- Time on Site:
- 136 days
- Visits:
- 0
118 N Westmoreland Ave 24-Unit Rent-Controlled Multifamily Portfolio Offering in Koreatown / East Hollywood. Built in 1926, this classic Los Angeles multifamily asset features a balanced unit mix of (12) studios and (12) 1-bed/1-bath units, supporting broad renter appeal and leasing flexibility. The property is currently operating with multiple vacant units and below-market in-place rents, providing immediate upside through lease-up and mark-to-market rent growth across the rent roll. Situated in a dense, transit-oriented infill 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 submarkets. Offered exclusively as part of a two-property Westmoreland Avenue portfolio, the property must be acquired together with the adjacent asset at 124 N Westmoreland Ave.
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118 N Westmoreland Ave Facts & Features
- Type Multi-Family
- Sq. ft. 18,765
- Price/Sq.ft. $200
- Lot 0.19 Acres
Details
General
Income/Expenses
- Gross Income: 440004
- Net Operating Income: 287997.00
Building Information
- Year Built: 1926
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: Mid-Wilshire
Tax Information
- Tax Assessed Value: 6113039
General Information
- Disclosures: None
- Property Type: Residential Income
- Zoning: LAM1
Interior
Beds/Baths
- Bedrooms Total: 0
General Information
- Cooling: Wall/Window
- Heating: Wall
- Levels: Multi/Split
- Living Area: 18765
- Living Area Source: Vendor Enhanced
- Stories: 0
Exterior
Parking Information
- Parking Total: 0
Lot Information
- Lot Size Acres: 0.1930
- Lot Size Area: 8406
- Lot Size Dimensions: 60x140
- Lot Size Source: Vendor Enhanced
- Number Of Buildings: 1
General Information
- Number Of Units Total: 24
- Other Structures: None
118 N Westmoreland Ave Neighborhood
Community
90004 (LOS ANGELES) Demographics
35
Median Age
20,047
Population Density (per sq. mile)
41%
College Educated
$52,775
Estimated Median Income
3,781
Estimated Total Home Owners
18,747
Estimated Total Renters
17% / 83%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.118 N Westmoreland Ave Monthly Cost
118 N Westmoreland Ave Market Data
Based on the last 30 days in this zip code
$2,458,221
Average List Price
$935
Average Price per Square Foot
13
Properties Sold
96
Average Days on Market
270
Properties for Sale
118 N Westmoreland Ave History
| Date | Value | Agent |
|---|---|---|
| 2/13/2026Source: CRMLS | February 13, 2026 |
|
| 2/13/2026Source: TheMLS (CLAW) | February 13, 2026 |