118 N Westmoreland Avenue, Los Angeles, CA 90004

Local realty services provided by:ERA North Orange County Real Estate
118 N Westmoreland Avenue,Los Angeles, CA 90004
$3,750,000
  • - Beds
  • - Baths
  • 18,765 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian
Office: lyon stahl investment real estate, inc.
MLS#:26648423
Source:CRMLS

Price summary

  • Price:$3,750,000
  • Price per sq. ft.:$199.84

About this home

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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Home facts

  • Year built:1926
  • Listing ID #:26648423
  • Added:1 day(s) ago
  • Updated:February 13, 2026 at 07:31 PM

Rooms and interior

  • Living area:18,765 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1926
  • Building area:18,765 sq. ft.
  • Lot area:0.19 Acres

Finances and disclosures

  • Price:$3,750,000
  • Price per sq. ft.:$199.84
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