138 S Westmoreland Avenue, Los Angeles, CA 90004

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
138 S Westmoreland Avenue,Los Angeles, CA 90004
$3,400,000
  • - Beds
  • 32 Baths
  • 18,604 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26993013
Source:CRMLS

Price summary

  • Price:$3,400,000
  • Price per sq. ft.:$182.76

About this home

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-nine units are currently occupied, and 23 of them rent below market. Four long-term tenancies dating to 20052011 carry 34%67% upside to the $1,395 studio market rent, and three vacant studios are ready to lease at market. Offered at $3,400,000 ($103,030/unit | $182.76/SF) with a 6.17% 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.

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Home facts

  • Year built:1926
  • Listing ID #:26993013
  • Added:48 day(s) ago
  • Updated:November 13, 2026 at 12:59 PM

Rooms and interior

  • Total bathrooms:32
  • Living area:18,604 sq. ft.

Structure and exterior

  • Year built:1926
  • Building area:18,604 sq. ft.
  • Lot area:0.18 Acres

Finances and disclosures

  • Price:$3,400,000
  • Price per sq. ft.:$182.76
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