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118 N Westmoreland Avenue, Los Angeles, CA 90004

$3,750,000 Approx. USD 0 beds, 0 baths
18,765 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Taylor Avakian | taylor@lyonstahl.com
Lic#: 02060040
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 916-996-4421

Agent Remarks

118 N Westmoreland Ave | 24-Unit Rent-Controlled Multifamily Portfolio Offering in Koreatown / East Hollywood. Built in 1926, this classic Los Angeles multifamily asset features a balanced unit mix of (12) studios and (12) 1-bed/1-bath units, supporting broad renter appeal and leasing flexibility. The property is currently operating with multiple vacant units and below-market in-place rents, providing immediate upside through lease-up and mark-to-market rent growth across the rent roll. Situated in a dense, transit-oriented infill 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 submarkets. Offered exclusively as part of a two-property Westmoreland Avenue portfolio, the property must be acquired together with the adjacent asset at 124 N Westmoreland Ave.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26648423

Price: $3,750,000

Beds: 0

Baths: 0

Built in 1926

18,765 sqft

0.19 acres

Lot size: 0.1930

County: Los Angeles

Zoning: LAM1

Appliances: Microwave

Parking description: None

Heating/cooling: Wall/Window Unit(s)

Heating description: Wall Furnace

MLS area: C17 - Mid-Wilshire

Last Updated: 6/11/2026

Days On Market (DOM): 126

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.074160, -118.287564.
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