124 N Westmoreland Avenue, Los Angeles, CA 90004
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Danielle Broad

Danielle Broad

+1(925) 383-9200
$4,350,000
Est. payment /mo
17,730 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 17,730 sqft

Price per Sqft $245

MLS Listing ID CL26648425

HOA Y/N No

Year Built 1927

Lot Size 8,407 Sqft

Acres 0.19

Property Sub-Type Other

Property Description

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.

Location

State CA

County Los Angeles

Zoning LAM1

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Building

New Construction No

Others

Tax ID 5501007016

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Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Taylor Avakian • Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOLS & PROPERTIES

Danielle Broad

+1(925) 383-9200

danielle.broad@exprealty.com

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124 N Westmoreland Avenue

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