- $4.4M Price
- 17,730 Sqft
- .19 Acres
- 48 DOM
124 N Westmoreland Avenue
124 N Westmoreland Ave | 30-Unit Rent-Controlled Multifamily Portfolio Offering in Koreatown / East Hollywood. Built in 1927, this well-located urban infill asset is comprised entirely of (30) studio units, a product type that continues to perform well in high-density, transit-oriented submarkets due to affordability, leasing velocity, and operational efficiency. The property is currently operating with multiple vacant units and below-market in-place rents, providing immediate upside through lease-up and systematic rent optimization across the rent roll. Situated along a dense residential 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 markets. Offered exclusively as part of a two-property Westmoreland Avenue portfolio, the property must be acquired together with the adjacent asset at 118 N Westmoreland Ave.
Essential Information
- MLS® #26648425
- Price$4,350,000
- Bathrooms0.00
- Square Footage17,730
- Acres0.19
- Year Built1927
- TypeResidential Income
- StatusActive
Community Information
- Address124 N Westmoreland Avenue
- AreaC17 - Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
Amenities
- ParkingNone
- GaragesNone
Interior
- AppliancesMicrowave
- HeatingWall Furnace
- CoolingWall/Window Unit(s)
- StoriesMulti/Split
Additional Information
- Date ListedFebruary 2nd, 2026
- Days on Market48
- ZoningLAM1
Listing Details
- AgentTaylor Avakian
Office
Lyon Stahl Investment Real Estate, Inc.
Taylor Avakian, Lyon Stahl Investment Real Estate, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of March 22nd, 2026 at 9:25pm PDT. 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.