33-Unit Apartment
For Sale
$3,400,000
138 S Westmoreland Ave, Los Angeles, CA 90004
The unit mix comprises studio apartments and two one-bedroom residences.
Property Size18,604 SF
Lot Size0.18 Acres
Price / SF$182.76
Days on Market23
Property Features for 138 S Westmoreland Ave
General Information
Standard status
Active
Size
18,604 SF
Lot size
0.18 Acres
Property subtype
MULTI_FAMILY
Financials
Asking Price
$3,400,000
Cap Rate
6.3%
Units
Unit Mix
31 x studio, 2 x 1BR/1BA
Multifamily Units
33
Additional Details
Public Transit
Yes
Building Details
Building Size
18,604 SF
Year Built
1926
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Taylor Avakian · License #02060040
(916) 996-4421
Source:
Carolinakramer
Added: Sep 8
Changed: Sep 30
Last Checked: Sep 29 at 3:13PM
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, Inc.
Investment Insights
Based on property information with market context.
This 33-unit apartment property was built in 1926 and contains 18,604 square feet on a 7,922-square-foot lot. Its layout includes 31 studios averaging 445 square feet and two one-bedroom units, each measuring 625 square feet. Twenty-eight apartments are occupied, and 21 of those rent below market.
The property is in Rampart Village, near the northern edge of Koreatown, and within walking distance of the Metro B Line. The current cap rate is 6.30%.
The property is in Rampart Village, near the northern edge of Koreatown, and within walking distance of the Metro B Line. The current cap rate is 6.30%.
Key Highlights
- 33 apartments: 31 studios averaging 445 SF and two one‑bedroom units at 625 SF each
- 18,604 SF building on a 7,922 SF lot
- Built in 1926
Property Analytics
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Current Use
Lease Details
33
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix comprises studio apartments and two one-bedroom residences.
Where is this apartment building located?
The property is located at 138 S Westmoreland Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 33 apartments: 31 studios averaging 445 SF and two one‑bedroom units at 625 SF each; 18,604 SF building on a 7,922 SF lot; Built in 1926
