Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.- MLS# 26648425
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Request Info124 N Westmoreland AveLos Angeles, CA 90004
Multi-Family · 17,730 Sq. ft. | 0.19 Acres$4,350,000
Active
124 N Westmoreland Ave Overview
- Time on Site:
- 136 days
- Visits:
- 0
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.
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124 N Westmoreland Ave Facts & Features
- Type Multi-Family
- Sq. ft. 17,730
- Price/Sq.ft. $245
- Lot 0.19 Acres
Details
General
Income/Expenses
- Gross Income: 506438
- Net Operating Income: 317741.00
Building Information
- Year Built: 1927
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: Mid-Wilshire
Tax Information
- Tax Assessed Value: 4841347
General Information
- Disclosures: None
- Property Type: Residential Income
- Zoning: LAM1
Interior
Beds/Baths
- Bathrooms Total: 30.00
- Bedrooms Total: 0
General Information
- Cooling: Wall/Window
- Heating: Wall
- Levels: Multi/Split
- Living Area: 17730
- Living Area Source: Vendor Enhanced
- Stories: 0
Exterior
Parking Information
- Parking Total: 0
Lot Information
- Lot Size Acres: 0.1930
- Lot Size Area: 8407
- Lot Size Dimensions: 60x140
- Lot Size Source: Vendor Enhanced
- Number Of Buildings: 1
General Information
- Number Of Units Total: 30
- Other Structures: None
124 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.124 N Westmoreland Ave Monthly Cost
124 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
124 N Westmoreland Ave History
| Date | Value | Agent |
|---|---|---|
| 2/13/2026Source: CRMLS | February 13, 2026 |
|
| 2/13/2026Source: TheMLS (CLAW) | February 13, 2026 |