123 S Westmoreland Ave

$1,895,000
Price
—
Beds
16
Baths
7,760 Sq. Ft.
$244 / Sq. Ft.
7,760
Sq. Ft.
$244
per Sq. Ft.

Description

123 S. Westmoreland Ave, Los Angeles, CA 90004 16-Unit Multifamily | Koreatown / Virgil Village | Huge Price Reduction. Prime Koreatown/Virgil Village location, walkable to restaurants, retail, and transit (Vermont/Beverly Metro). 16 studio units | 7,760 SF building on 6,490 SF lot. 4 units delivered vacant at COE immediate rent-up opportunity. Price reduced by $353,000 Going-in CAP: 6.94% | GRM 10.11 Priced at $118,487/unit and $244.20/SF. Qualified Opportunity Zone (buyer to verify). Subject to...123 S. Westmoreland Ave, Los Angeles, CA 90004 16-Unit Multifamily | Koreatown / Virgil Village | Huge Price Reduction. Prime Koreatown/Virgil Village location, walkable to restaurants, retail, and transit (Vermont/Beverly Metro). 16 studio units | 7,760 SF building on 6,490 SF lot. 4 units delivered vacant at COE immediate rent-up opportunity. Price reduced by $353,000 Going-in CAP: 6.94% | GRM 10.11 Priced at $118,487/unit and $244.20/SF. Qualified Opportunity Zone (buyer to verify). Subject to LARSO. Rare value-add opportunity in one of LA's most dynamic rental markets. Qualified Opportunity Zones is provided for general reference only and does not constitute legal, tax, or financial advice. Buyer to perform buyer s own due diligence to verify all permits, SQFT, bedroom/bathroom count, school, and accuracy of all property related info.

Property Details for 123 South Westmoreland Avenue

Zoning
LAR3
Parcel Number
5501015008
Total Units
16.0
Living Area
7760
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
4
Lot Size Area
6497
LISTING UPDATED: 11/20/2025 06:41 PM

Property Details for 123 South Westmoreland Avenue

StatusActive
MLS #25538349
Days on Market206
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.15 AC / 6,497 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, George Morales, DRE #01984555
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Building Information for 123 South Westmoreland Avenue

Stories2Residences-Year Built1925Building Size-Lot Size0.15 AC / 6,497 SF

Payment Calculator

$9,743 per month

30 year fixed, 6.28% Interest

Principal and Interest

$9,364

Property Taxes

$379

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 123 South Westmoreland Avenue

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 16
  • Entry Floor Number: 1
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $198,846
  • Net Operating Income: $131,505.00
  • Gross Income: $187,466
  • Cap Rate: 6.94%
  • Gross Rent Multiplier: $11.99
  • Vacancy Allow Percent: 6.10%
  • Owner Pays: Water, Other
  • Total Annual Expense: 44525
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1492
  • Lot Size Square Feet: 6497
  • Lot Size Dimensions: 52x125
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-13-2025
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 16
  • Unit Furnished: No
  • Unit Rent: $976.00
  • Unit Actual Rent: $15,616.00
  • Unit Projected Rent: $1,595.00
  • Like Units: 16
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $63,855.00
  • Assessed Improvement Percent: 25.0
  • Assessed Land Value: $191,598.00
  • Assessed Land Percent: 75
  • Assessed Total Value: $255,453.00

Property History for 123 South Westmoreland Avenue

DateEvent & SourcePriceAppreciation
Sep 26, 2025

Price Change

CRMLS #25538349

$1,895,000—
Sep 26, 2025

Price Change

CLAW #25538349

$1,895,000—
Jul 24, 2025

Price Change

CLAW #25538349

$2,248,000—
Jul 24, 2025

Price Change

CRMLS #25538349

$2,248,000—
May 12, 2025

Listed (Active)

CLAW #25538349

$2,498,000—
May 12, 2025

Listed (Active)

CRMLS #25538349

$2,498,000—
Oct 28, 1998

Expired

CLAW #731692

$275,000—
Oct 28, 1998

Expired

CLAW #N1970MR

—
Oct 28, 1998

Expired

CRMLS #N1970

$275,000—
Oct 28, 1997

Listed (Active)

CLAW #N1970MR

$275,000—
Oct 28, 1997

Listed (Active)

CRMLS #N1970

$275,000—
Oct 28, 1997

Listed (Active)

CLAW #731692

$275,000—
DateEvent & SourcePrice
09/26/2025

Price Change

CRMLS #25538349

$1,895,000
09/26/2025

Price Change

CLAW #25538349

$1,895,000
07/24/2025

Price Change

CLAW #25538349

$2,248,000
07/24/2025

Price Change

CRMLS #25538349

$2,248,000
05/12/2025

Listed (Active)

CLAW #25538349

$2,498,000
05/12/2025

Listed (Active)

CRMLS #25538349

$2,498,000
10/28/1998

Expired

CLAW #731692

$275,000
10/28/1998

Expired

CLAW #N1970MR

—
10/28/1998

Expired

CRMLS #N1970

$275,000
10/28/1997

Listed (Active)

CLAW #N1970MR

$275,000
10/28/1997

Listed (Active)

CRMLS #N1970

$275,000
10/28/1997

Listed (Active)

CLAW #731692

$275,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 123 South Westmoreland Avenue

Taxable ValueLand$195,429Additions$65,132Total$260,561
Tax Record2025$4,554 ($379 / month)
Home Facts
Total Finished SqFt7,760 SqFtAbove Grade Finished SqFt7,760 SqFtLot Size6,495 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningLAR3CountyLOS ANGELESAPN5501-015-008

Schools near 123 South Westmoreland Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Virgil Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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123 South Westmoreland Avenue is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on May 12, 2025 by Compass, it's currently listed at $1,895,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Dr. Sammy Lee Medical And Health Science Magnet Elementary, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 123 South Westmoreland Avenue is a 0-bed, 16-bath, 7,760 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, George Morales, DRE #01984555

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.