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1125 S Westmoreland Avenue

Los Angeles, CA 90006
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Bed 30

Bed

Bath 33

Bath

SqFt23,912

Sqft

SqFt25,008

Sqft(Lot)

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 ca n 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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $4,250,000

AD Id : 88281478

MLS Id : 26859337

Beds : 30

Lot Size : 25,008 Sqft

Living Area Size : 23,912

Year Built : 1962

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 30

    Bathroom Information

    Total Baths: 33
  • Heating & Cooling

    Heating: None Cooling: None

  • Building Information

    Year Built: 1962
    Building Area Total: 23912
    Private Pool: No

  • Lot Information

    Lot Dimensions: 125x200 Main Square Feet: 25008 Lot Size Acres: 0.5741 Lot Size Square Feet: 25,008

  • Listing Price Information

    Listing Price: $4250000

  • Tax Information

    Parcel Number: 5076010003

  • Location Information

    Direction: South of Olympic Blvd and East of Vermont Ave at Westmoreland and 11th Street
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1032 S Westlake Avenue, Los Angeles, CA, 90006 $1,000,000 6 4 --
1817 W 12th Street, Los Angeles, CA, 90006 $1,599,000 7 -- 3,308 3,308 SqFt
1242 S Bonnie Brae, Los Angeles, CA, 90006 $740,000 4 2 2,207 2,207 SqFt
1324 S Westlake Avenue, Los Angeles, CA, 90006 $800,000 -- -- 4,232 4,232 SqFt
2300 W 12th Street, Los Angeles, CA, 90006 $1,295,000 9 -- 4,032 4,032 SqFt
1605 S Bonnie Brae Street, Los Angeles, CA, 90006 $785,000 5 3 2,294 2,294 SqFt
1703 S Burlington Avenue, Los Angeles, CA, 90006 $1,195,000 5 -- 3,604 3,604 SqFt
1611 S Bonnie Brae Street, Los Angeles, CA, 90006 $625,000 4 2 1,378 1,378 SqFt
1617 S Bonnie Brae Street, Los Angeles, CA, 90006 $950,000 4 4 4,222 4,222 SqFt
1625 S Bonnie Brae Street, Los Angeles, CA, 90006 $925,000 4 3 2,846 2,846 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/27/2026 @ 04:30

MLS: 26859337 LISTED BY: Neema Ahadian, Marcus & Millichap 310-909-5500 SOURCE: CRMLS

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