123 S Westmoreland Avenue, Los Angeles, CA 90004
Local realty services provided by:ERA Excel Realty
123 S Westmoreland Avenue,Los Angeles, CA 90004
$1,895,000
- - Beds
- 16 Baths
- 7,760 sq. ft.
- Multi-family
- Active
Listed by:george morales
Office:compass
MLS#:25538349
Source:CRMLS
Price summary
- Price:$1,895,000
- Price per sq. ft.:$244.2
About this home
Prime location! 123 S. Westmoreland Avenue, a 16-unit multifamily asset located in the highly sought-after Koreatown Virgil Village neighborhood of Los Angeles. This property presents a rare opportunity for investors to acquire a value-add asset in one of the city's most dynamic rental markets. Situated just south of 1st Street, between Virgil Avenue and Vermont Avenue, the property occupies a 6,490 SF lot and benefits from excellent transit connectivity via the Vermont/Beverly Metro Stations, as well as numerous Metro Local Lines. The nearby Virgil Avenue corridor is a vibrant and growing hub, offering a diverse array of restaurants, coffee bars, retail shops, and entertainment options that appeal to both residents and visitors. The asset comprises a well-maintained, two-story apartment building totaling approximately 7,760 gross square feet, featuring 16 studio units, each with a private bathroom. Located within a Qualified Opportunity Zone, the property offers potential for significant tax incentives that may enhance long-term returns (Information regarding Qualified Opportunity Zones is provided for general reference only and does not constitute legal, tax, or financial advice. Buyer to perform buyer s own due diligence to verify all permits, SQFT, bedroom/bathroom count, school, and accuracy of all property related info.
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Home facts
- Year built:1925
- Listing ID #:25538349
- Added:142 day(s) ago
- Updated:September 27, 2025 at 04:25 AM
Rooms and interior
- Total bathrooms:16
- Living area:7,760 sq. ft.
Structure and exterior
- Year built:1925
- Building area:7,760 sq. ft.
- Lot area:0.15 Acres
Finances and disclosures
- Price:$1,895,000
- Price per sq. ft.:$244.2
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