124 N Westmoreland Avenue, Los Angeles, CA 90004

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
124 N Westmoreland Avenue,Los Angeles, CA 90004
$4,350,000
  • - Beds
  • 30 Baths
  • 17,730 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian
Office: lyon stahl investment real estate, inc.
MLS#:26648425
Source:CRMLS

Price summary

  • Price:$4,350,000
  • Price per sq. ft.:$245.35

About this home

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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Home facts

  • Year built:1927
  • Listing ID #:26648425
  • Added:46 day(s) ago
  • Updated:March 28, 2026 at 01:23 PM

Rooms and interior

  • Total bathrooms:30
  • Kitchen Description:Microwave
  • Living area:17,730 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1927
  • Building area:17,730 sq. ft.
  • Lot area:0.19 Acres
  • Levels:Multi Split

Finances and disclosures

  • Price:$4,350,000
  • Price per sq. ft.:$245.35

Features and amenities

  • Appliances:Microwave
Based on information from California Regional Multiple Listing Service, Inc. as of April 1, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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