124 N Westmoreland Avenue, Los Angeles, CA 90004

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
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.310-425-9838
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:122 day(s) ago
  • Updated:June 16, 2026 at 10:39 AM

Rooms and interior

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

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

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

Finances and disclosures

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