138 S Westmoreland Avenue, Los Angeles, CA 90004 (MLS # 26993013)

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PRICE $3,400,000 dsIDX morgage calculator
BEDS 0
BATHS 32
HOME SIZE 18,604 sqft
LOT SIZE 7,924 sqft
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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.

DAYS ON MARKET 40 LAST UPDATED 9/25/2026
YEAR BUILT 1926 COMMUNITY C17 - Mid-Wilshire
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
AREA C17 - Mid-Wilshire
HEAT None
LOT 7924 sq ft
LOT DIMENSIONS 52x153
PARKING None
STORIES Split/Multi Level
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Lyon Stahl Investment Real Estate, Inc.

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