138 S Westmoreland Avenue
Los Angeles, CA 90004
1
Bed
32
Bath
18,604Sqft
7,924Sqft(Lot)
138 S Westmoreland Ave | 33-Unit Value-Add Multifamily, Los Angeles. The property is a 1926-built asset totaling 18,604 SF on a 7,922 SF lot in Rampart Village, on the northern edge of Koreatown and within walking distance of the Metro B Line. It features (31) studio units averaging 445 SF and (2) 1+1 units at 625 SF. Twenty-eight units are currently occupied, and 21 of them rent below market. Four long-term tenancies dating to 20052011 sit 34%67% below the $1,395 studio market rent, and four vacant studios are ready to lease at market. Offered at $3,400,000 ($103,030/unit | $182.76/SF) with a 6.30% current cap rate, the real story is the rent-to-market gap a 7.71% pro forma cap and an entry roughly 12.7% below the ~$118K/unit average of recent comparable sales.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Heating: None Cooling: None
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Building Information
Year Built: 1926Building Area Total: 18604Private Pool: No
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Lot Information
Lot Dimensions: 52x153 Main Square Feet: 7924 Lot Size Acres: 0.1819 Lot Size Square Feet: 7,924
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Listing Price Information
Listing Price: $3400000
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Tax Information
Parcel Number: 5501016009
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Virtual Tour
Parking Information
None
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Location Information
Direction: Along Westmoreland Ave near W 1st St
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 542 N Commonwealth, Los Angeles, CA, 90004 | $1,560,000 | 3 | 3 | 2,847 | 7,503 Sq. Ft |
| 441 N Commonwealth Avenue, Los Angeles, CA, 90004 | $850,000 | 1 | 1 | 1,014 | 5,506 Sq. Ft |
| 447 N Commonwealth Avenue, Los Angeles, CA, 90004 | $900,000 | 3 | 2 | 1,798 | 7,506 Sq. Ft |
| 426 N Virgil Avenue, Los Angeles, CA, 90004 | $1,349,000 | 8 | 7 | -- | 7,015 Sq. Ft |
| 128 S Hoover Street, Los Angeles, CA, 90004 | $1,249,000 | 7 | 6 | 2,781 | 5,103 Sq. Ft |
| 225 S Hoover Street, Los Angeles, CA, 90004 | $1,679,000 | 6 | 4 | 2,896 | 7,987 Sq. Ft |
| 3875 Middlebury Street, Los Angeles, CA, 90004 | $698,000 | 2 | 1 | 667 | 2,002 Sq. Ft |
| 210 S Commonwealth Avenue, Los Angeles, CA, 90004 | $3,590,000 | 24 | 14 | 10,884 | 7,488 Sq. Ft |
| 238 S Westmoreland, Los Angeles, CA, 90004 | $2,699,999 | 8 | 5 | 4,416 | 9,754 Sq. Ft |
| 124 N Berendo Street, Los Angeles, CA, 90004 | $1,200,000 | 7 | 4 | 3,939 | 7,502 Sq. Ft |
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ByOwner last updated this listing 10/03/2026 @ 04:10
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