- $1.9M Price
- .15 Acres
- 232 DOM
123 S Westmoreland Avenue
123 S. Westmoreland Ave, Los Angeles, CA 90004 16-Unit Multifamily | Koreatown / Virgil Village | Huge Price Reduction. Prime Koreatown/Virgil Village location, walkable to restaurants, retail, and transit (Vermont/Beverly Metro). 16 studio units | 7,760 SF building on 6,490 SF lot. 4 units delivered vacant at COE immediate rent-up opportunity. Price reduced by $353,000 Going-in CAP: 6.94% | GRM 10.11 Priced at $118,487/unit and $244.20/SF. Qualified Opportunity Zone (buyer to verify). Subject to LARSO. Rare value-add opportunity in one of LA's most dynamic rental markets. 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.
Essential Information
- MLS® #25537551
- Price$1,895,000
- Bathrooms0.00
- Acres0.15
- Year Built1925
- TypeCommercial Sale
- StatusActive
Community Information
- Address123 S Westmoreland Avenue
- AreaC17 - Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
Interior
- # of Stories2
Exterior
- RoofClay, Flat
Additional Information
- Date ListedMay 12th, 2025
- Days on Market232
- ZoningLAR3
Listing Details
- AgentGeorge Morales
- OfficeCompass
Price Change History for 123 S Westmoreland Avenue, Los Angeles, (MLS® #25537551)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $2,248,000 to $1,895,000 | ||
| Price Reduced from $2,498,000 to $2,248,000 |
George Morales, Compass.
Based on information from California Regional Multiple Listing Service, Inc. as of December 30th, 2025 at 1:55pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.