118 N Westmoreland AVE, Los Angeles, CA 90004
118 N Westmoreland AVE, Los Angeles, CA 90004
118 N Westmoreland AVE, Los Angeles, CA 90004
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$3,750,000
Est. payment /mo
18,765 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 18,765 sqft

Price per Sqft $199

MLS Listing ID 26648423

HOA Y/N No

Year Built 1926

Lot Size 8,407 Sqft

Property Description

118 N Westmoreland Ave | 24-Unit Rent-Controlled Multifamily Portfolio Offering in Koreatown / East Hollywood. Built in 1926, this classic Los Angeles multifamily asset features a balanced unit mix of (12) studios and (12) 1-bed/1-bath units, supporting broad renter appeal and leasing flexibility. The property is currently operating with multiple vacant units and below-market in-place rents, providing immediate upside through lease-up and mark-to-market rent growth across the rent roll. Situated in a dense, transit-oriented infill corridor with proximity to major employment centers, neighborhood retail, and public transportation, the asset benefits from durable tenant demand in one of Los Angeles' most supply-constrained rental submarkets. Offered exclusively as part of a two-property Westmoreland Avenue portfolio, the property must be acquired together with the adjacent asset at 124 N Westmoreland Ave.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAM1

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Microwave

Exterior

Parking Features None

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5501007017

Special Listing Condition Standard

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Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc. #02060040

NEARBY SCHOOL & BUSINESS

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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