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Listed by: Taylor Avakian (916) 996-4421 DRE #02060040 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$3,400,000
Monthly Est:$16,923
1 Bed
32 Baths
18,604sqft
138 S Westmoreland Ave, Los Angeles, CA 90004
$3,400,000
$16,923/moEst:
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Multi Family
Built in 1926
$-- HOA
7,924 sqft lot
$183/sq.ft
Description
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.
- Houzeo last checked: 7 minutes ago
- Listing updated: September 26, 2026 at 6:27 am
- Source: California Regional MLS-CA | MLS#: 26993013
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1926
HOA Fees
-
Finished Area
18,604 sqft
Lot Size
7,924 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26993013
MLS Status
Active
Days on Market
13
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: 1
Bathrooms: 32
Interior
Heating
None
Cooling
None
Utilities & Energy
Parking Features
None
Price History
| Date | Event | Price |
|---|---|---|
09/08/2026 Source: | Listed for Sale | $3,400,000 $183/sqft |
09/08/2026 Source: | Off Market | $3,400,000 $183/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 09, 2026, 09:00AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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