30-Unit Studio Apartment
For Sale
Contact for pricing
124 N Westmoreland Ave, Los Angeles, CA 90004
Rent-controlled multifamily property with studio layouts in a dense Los Angeles residential corridor.
Property Size17,730 SF
Price / SF$245.35
Days on Market199
Property Features for 124 N Westmoreland Ave
General Information
Standard status
Active
Size
17,730 SF
Class
B
Property subtype
Multifamily
Zoning
LAM1
Occupancy
86%
Net Operating Income
$317,143
Units
Unit Mix
30 x studio
Multifamily Units
30
Additional Details
Public Transit
Yes
Building Details
Year Built
1927
Buildings
1
Stories
3
Units
30
Listing Agency:
Lyon Stahl Investment Real Estate
(916) 996-4421
Listed By:
Taylor Avakian · License #CA 02060040
Source:
Crexi
Added: Feb 13
Changed: Aug 29
Last Checked: Aug 31 at 11:21AM
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 Lyon Stahl Investment Real Estate
Investment Insights
Based on property information with market context.
This 30-unit apartment building at 124 N Westmoreland Ave contains an all-studio unit mix within 17,730 square feet. Constructed in 1927, the property is identified as rent-controlled and zoned LAM1. Multiple units are currently vacant, creating an existing lease-up component for a purchaser to evaluate.
The property is located in the Koreatown / East Hollywood submarket of Los Angeles, along a dense residential corridor with access to transit, daily conveniences, and employment centers throughout Central Los Angeles. The asset is being offered together with the adjacent 118 N Westmoreland Ave as part of a two-property portfolio, providing contiguous ownership across the two properties.
The property is located in the Koreatown / East Hollywood submarket of Los Angeles, along a dense residential corridor with access to transit, daily conveniences, and employment centers throughout Central Los Angeles. The asset is being offered together with the adjacent 118 N Westmoreland Ave as part of a two-property portfolio, providing contiguous ownership across the two properties.
Key Highlights
- 30‑unit apartment building with an all‑studio unit mix
- 17,730 square feet of property size
- Built in 1927
Property Analytics
Property Profile
Current Use
Lease Details
30
Residential units
Location Intelligence
Trade Area within ½ mile
2,960
Businesses Nearby
Explore this area
Business Placement
Demographics for 90004, CA
58,585
Population
26,046
Households
2.2
Avg Household Size
37
Median Age
40%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
18,898
Density / Sq Mi
$62,655
Median Household Income
$39,359
Median Earnings
$1,752
Median Rent
$1,457,200
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 - Rent-controlled multifamily property with studio layouts in a dense Los Angeles residential corridor.
Where is this apartment building located?
The property is located at 124 N Westmoreland Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: 30‑unit apartment building with an all‑studio unit mix; 17,730 square feet of property size; Built in 1927
