CA > Los Angeles
Los Angeles, CA 90004,123 S Westmoreland Ave
Los Angeles, CA 90004,123 S Westmoreland Ave
Los Angeles, CA 90004,123 S Westmoreland Ave
30
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$2,498,000
Est. payment /mo
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16 Baths
7,760 SqFt
Active

123 S Westmoreland Ave Los Angeles, CA 90004

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Herman Singh

Herman Singh

Coastal Property Advisors

+1(718) 679-7822

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,760 sqft

Price per Sqft $321

MLS Listing ID 25537551

Year Built 1925

Lot Size 6,497 Sqft

Acres 0.1492

Property Sub-Type Multi-Family

Property Description

Prime location! 123 S. Westmoreland Avenue, a 16-unit multifamily asset located in the highly sought-after Koreatown Virgil Village neighborhood of Los Angeles. This property presents a rare opportunity for investors to acquire a value-add asset in one of the city's most dynamic rental markets. Situated just south of 1st Street, between Virgil Avenue and Vermont Avenue, the property occupies a 6,490 SF lot and benefits from excellent transit connectivity via the Vermont/Beverly Metro Stations, as well as numerous Metro Local Lines. The nearby Virgil Avenue corridor is a vibrant and growing hub, offering a diverse array of restaurants, coffee bars, retail shops, and entertainment options that appeal to both residents and visitors. The asset comprises a well-maintained, two-story apartment building totaling approximately 7,760 gross square feet, featuring 16 studio units, each with a private bathroom. Located within a Qualified Opportunity Zone, the property offers potential for significant tax incentives that may enhance long-term returns (Information regarding Qualified Opportunity Zones is provided for general reference only and does not constitute legal, tax, or financial advice. Buyer to perform buyer's own due diligence to verify all permits, SQFT, bedroom/bathroom count, school, and accuracy of all property related info.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR3

Interior

Heating Wall Electric

Exterior

Roof Type Flat, Clay

Building

Story 2

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Compass

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agent

Herman Singh

Broker

+1(718) 679-7822

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123 S Westmoreland Ave