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    123 S Westmoreland Ave Los Angeles, CA 90004

    New
    For Sale
    $1,895,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    7,760 SF
    Lot size:
    0.15 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 123 S Westmoreland Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LAR3
    Rooms
    Bathroom 13, Bathroom 7, Bathroom 11, Bathroom 1, Bathroom 14, Bathroom 3, Bathroom 5, Bathroom 2, Bathroom 8, Bathroom 9, Bathroom 10, Bathroom 12, Bathroom 15, Bathroom 16, Bathroom 6, Bathroom 4
    Bathrooms
    16
    APN
    5501-015-008
    Size
    7,760 SF
    Lot size
    0.15 Acres

    Building Details

    Year built
    1925
    Floors in Building
    2
    Number of units
    16

    Compass

    Listing agent George Morales (310) 230-5478 License #01984555

    Listing date Dec 12, 2025

    MLS# 25538349 Listing URL

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Koreatown Multifamily Value-Add Opportunity

    Located in Koreatown/Virgil Village, Los Angeles, this 16-unit multifamily property at 123 S. Westmoreland Ave presents a value-add opportunity. The 7,760 square-foot building sits on a 6,490 square-foot lot. The property features 16 studio units. Four units will be delivered vacant at the close of escrow, offering an immediate rent-up opportunity. The location is walkable to restaurants, retail, and transit, including the Vermont/Beverly Metro station. The property is situated in a Qualified Opportunity Zone, subject to buyer verification. The zoning is LAR3. Buyers are advised to perform their own due diligence to verify all permits, square footage, bedroom/bathroom count, school information, and accuracy of all property-related information. The property is subject to LARSO.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.288261
    Latitude
    34.072686

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    FAQs

    What type of property is this?
    Apartment building - 16-unit multifamily in Koreatown/Virgil Village with value-add potential.
    Where is this apartment building located?
    The property is located at 123 S Westmoreland Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,895,000.
    What are key features of this property?
    This property features: - Prime Koreatown/Virgil Village location, walkable to restaurants, retail, and transit (Vermont/Beverly Metro).; - Four units delivered vacant at close of escrow, providing immediate rent-up opportunity.; - Significant price reduction of $353,000.
    (310) 230-5478
    Request Owner's contact information
    123 S Westmoreland Ave Los Angeles, CA 90004
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    Los Angeles, CA 90004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 S Westmoreland Ave Los Angeles, CA 90004
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