138 S Westmoreland Avenue, Los Angeles, CA — listing photo 1
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FOR SALE

138 S Westmoreland Avenue

Los Angeles, CA 90004
32 Baths
18,604 Sq Ft
Built 1926
$3,400,000

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1926
Living area
18,604 sq ft
Lot size
7,924 sq ft
Days on market
31
MLS status
Active
Zoning
LAR3

Features & Amenities

Parking

  • None

Community, Schools & Utilities

Utilities

Heating
None
Cooling
None
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Location & Neighborhood

138 S Westmoreland Avenue

Los Angeles, CA 90004

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Frequently Asked Questions About 138 S Westmoreland Avenue

Property type: Residential Income

The current asking price is $3,400,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 138 S Westmoreland Avenue. Our team will confirm availability and timing.
This 32 bathrooms property offers approximately 18,604 square feet of living space. It was built in 1926. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 31 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

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Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Taylor Avakian
MLS ID: CLW-C138326

Available property

$3,400,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.