1125 S Westmoreland Avenue, Los Angeles, CA 90006
Local realty services provided by:ERA North Orange County Real Estate
1125 S Westmoreland Avenue,Los Angeles, CA 90006
$4,250,000
- 30 Beds
- 33 Baths
- 23,912 sq. ft.
- Multi-family
- Active
Listed by: neema ahadian
Office: marcus & millichap310-909-5500
MLS#:26859337
Source:CRMLS
Price summary
- Price:$4,250,000
- Price per sq. ft.:$177.74
About this home
We are pleased to present1125 S Westmoreland Avenue, a 27-unit multifamily investment opportunity in the heart of Koreatown, comprised of two distinct buildings. The front 10,824 SF building was built in 1937 and arear 13,088 SF building was built in 1962, situated on a large25,000 SF lot. A diverse and highly marketable unit mix of 4 bachelors, 4singles, 13 one-bedrooms, 4 two-bedrooms, and 2 three-bedrooms caters to a broad range of renter profiles and price points, supporting consistent leasing velocity. The property offers a unique structural layout, centered around an expansive central courtyard with garden, private balconies and patios facing the street and interior corridor. There are also several on-site laundry machines that generate additional income. Significant rental upside can be achieved through unit turnover. Select units have already undergone renovation, including new laminate flooring, paint, updated appliances, refreshed kitchens and bathrooms, and mini-split AC. Ample on-site parking totaling 24 spaces (12 tandem spots split across both sides of the property and 12 rear single spaces),with meaningful ADU potential through conversion of select tuck under parking spots (buyer to verify). Untapped ancillary income streams under new ownership, including the ability to implement a utility bill back program via RUBS and generate additional income from parking, neither of which is currently being captured. Offered at an attractive basis of $4,250,000 ($157,407/unit,$177.74/SF), reflecting a 5.27% current cap rate and 9.24 GRM on in-place income. Located in Koreatown, one of Los Angeles' most active rental markets, drawing a deep and diversified renter base to its dense concentration of restaurants, nightlife, and retail. Positioned within a submarket experiencing sustained momentum, with more than 50 major development projects underway or planned throughout Koreatown and independent research projecting rental rates to climb meaningfully over the coming years as available housing supply remains constrained. A persistent affordability gap supports durable demand, with the Koreatown median home price near $1.2 million placing homeownership out of reach for most local renters, reinforcing high occupancy and consistent rent growth throughout the submarket....
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Home facts
- Year built:1962
- Listing ID #:26859337
- Added:82 day(s) ago
- Updated:October 04, 2026 at 10:38 AM
Rooms and interior
- Bedrooms:30
- Total bathrooms:33
- Living area:23,912 sq. ft.
Structure and exterior
- Year built:1962
- Building area:23,912 sq. ft.
- Lot area:0.57 Acres
Finances and disclosures
- Price:$4,250,000
- Price per sq. ft.:$177.74
Parking
- Total parking spaces:24
- Parking description:Garage, Tandem
- Garage:Yes
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