124 N Westmoreland Avenue, Los Angeles, CA 90004 (MLS # 26648425)

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PRICE $4,350,000 dsIDX morgage calculator
BEDS 0
BATHS 30
HOME SIZE 17,730 sqft
LOT SIZE 8,408 sqft
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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.

DAYS ON MARKET 40 LAST UPDATED 2/13/2026
YEAR BUILT 1927 COMMUNITY C17 - Mid-Wilshire
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Microwave
AREA C17 - Mid-Wilshire
HEAT Wall Furnace
LOT 8407 sq ft
LOT DIMENSIONS 60x140
PARKING None
STORIES Split/Multi Level
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Listed with Lyon Stahl Investment Real Estate, Inc.

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