27-Unit Courtyard Apartment
For Sale
$4,250,000
1125 S Westmoreland Avenue, Los Angeles, CA 90006
Two-building apartment property with a varied unit mix, courtyard, balconies, patios, and on-site parking.
Property Size23,912 SF
Lot Size0.57 Acres
Price / SF$177.74
Days on Market53
Property Features for 1125 S Westmoreland Avenue
General Information
Standard status
Active
Size
23,912 SF
Total Parking Spaces
24
Lot size
0.57 Acres
Property subtype
Multi-family
Financials
Asking Price
$4,250,000
Cap Rate
5.27%
Gross Rent Multiplier
9.24
Units
Unit Mix
4 x bachelor, 4 x single, 13 x 1BR, 4 x 2BR, 2 x 3BR
Multifamily Units
27
Amenities
central courtyard
garden
private balconies
patios
on-site laundry machines
Building Details
Year Built
1962
Buildings
2
Listing Agency:
Marcus & Millichap
(310) 909-5444
Listed By:
Neema Ahadian · License #01346750
(714) 497-3550
Source:
Sevengables
Added: Jul 9
Changed: Aug 30
Last Checked: Jul 25 at 10:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
This 27-unit apartment property comprises two buildings totaling 23,912 square feet on a 25,000-square-foot lot. The unit mix includes 4 bachelors, 4 singles, 13 one-bedrooms, 4 two-bedrooms, and 2 three-bedrooms. The layout is organized around a central courtyard with garden areas, while select units feature private balconies or street-facing patios. On-site amenities include laundry machines and 24 parking spaces, including tandem and rear single spaces.
The front building contains 10,824 square feet and dates to 1937; the rear 13,088-square-foot building was built in 1962. Improvements completed in select units include laminate flooring, interior paint, updated appliances, refreshed kitchens and bathrooms, and mini-split AC. The property is located in Koreatown, near restaurants, nightlife, and retail. Potential conversion of select tuck-under parking spaces to ADUs is subject to buyer verification. Additional operational opportunities identified for the property include parking income and a RUBS utility bill-back program.
The front building contains 10,824 square feet and dates to 1937; the rear 13,088-square-foot building was built in 1962. Improvements completed in select units include laminate flooring, interior paint, updated appliances, refreshed kitchens and bathrooms, and mini-split AC. The property is located in Koreatown, near restaurants, nightlife, and retail. Potential conversion of select tuck-under parking spaces to ADUs is subject to buyer verification. Additional operational opportunities identified for the property include parking income and a RUBS utility bill-back program.
Key Highlights
- 27 units across 2 buildings on a 25,000‑square‑foot lot
- Unit mix includes 4 bachelors, 4 singles, 13 one‑bedrooms, 4 two‑bedrooms, and 2 three‑bedrooms
- 23,912 SF total building area; front building is 10,824 SF and rear building is 13,088 SF
Property Analytics
Property Profile
Current Use
Lease Details
27
Residential units
Location Intelligence
Trade Area within ½ mile
4,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-building apartment property with a varied unit mix, courtyard, balconies, patios, and on-site parking.
Where is this apartment building located?
The property is located at 1125 S Westmoreland Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 27 units across 2 buildings on a 25,000‑square‑foot lot; Unit mix includes 4 bachelors, 4 singles, 13 one‑bedrooms, 4 two‑bedrooms, and 2 three‑bedrooms; 23,912 SF total building area; front building is 10,824 SF and rear building is 13,088 SF
