Active

118 N Westmoreland Avenue

Los Angeles, CA 90004
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt18,765

Sqft

SqFt8,406

Sqft(Lot)

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 West moreland Avenue portfolio, the property must be acquired together with the adjacent asset at 124 N Westmoreland Ave.

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Detail Ic Property Details

Property Type : Residential Income

Price : $3,750,000

AD Id : 75307406

MLS Id : 26648423

Lot Size : 8,406 Sqft

Living Area Size : 18,765

Year Built : 1926

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 0

    Bathroom Information

    Total Baths: 0 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Microwave
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1926 Building Area Total: 18,765

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.193 Lot Size Dimensions: 60x140
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 8406

  • Listing Price Information

    Original List Price: 3,750,000 Listing Contract Date: 2026-02-09
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5501007017

  • Garage and Parking

    Garage Description: None

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C17 - Mid-Wilshire Directions: Along N Westmoreland Ave near 1st St Zoning: LAM1 Source Property Type: Residential Income Area: C17 - Mid-Wilshire
  • Building and Construction

    Property Age: 100 Year Built Source: Vendor Enhanced Total Square Feet Living: 18765 Levels or Stories: Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
542 N Commonwealth, Los Angeles, CA, 90004 $1,675,000 3 3 2,847 2,847 SqFt
432 N Commonwealth, Los Angeles, CA, 90004 $795,000 4 2 1,432 1,432 SqFt
441 N Commonwealth Avenue, Los Angeles, CA, 90004 $850,000 1 1 1,014 1,014 SqFt
447 N Commonwealth Avenue, Los Angeles, CA, 90004 $900,000 3 -- 1,798 1,798 SqFt
3812 Middlebury, Los Angeles, CA, 90004 $799,800 3 2 1,240 1,240 SqFt
449 N Virgil, Los Angeles, CA, 90004 $1,299,000 2 2 1,886 1,886 SqFt
3875 Middlebury Street, Los Angeles, CA, 90004 $699,000 2 1 667 667 SqFt
3220 W 2nd Street, Los Angeles, CA, 90004 $1,480,000 8 -- 7,985 7,985 SqFt
210 S Commonwealth Avenue, Los Angeles, CA, 90004 $3,590,000 24 -- 10,884 10,884 SqFt
124 N Westmoreland Avenue, Los Angeles, CA, 90004 $4,350,000 -- -- 17,730 17,730 SqFt

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ByOwner last updated this listing 06/23/2026 @ 13:48

MLS: 26648423 LISTED BY: Taylor Avakian, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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