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  • 1125 S Westmoreland Avenue

1125 S Westmoreland Avenue, Los Angeles, CA 90006

$4,250,000 Approx. USD 30 beds, 33 baths
23,912 sqft
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The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
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Lic#: 01276603
NRDS ID: 187514104
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Lic#: 01276603
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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700
Tustin 18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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Listing Agent


Neema Ahadian | neema@marcusmillichap.com
Lic#: 01346750
Broker: Courtesy of Marcus & Millichap
Phone: 310-909-5444

Agent Remarks

We are pleased to present1125 S Westmoreland Avenue, a 27-unit multifamily investment opportunity in the heart of Koreatown, comprised of two distinct buildings. The front 10,824 SF building was built in 1937 and arear 13,088 SF building was built in 1962, situated on a large25,000 SF lot. A diverse and highly marketable unit mix of 4 bachelors, 4singles, 13 one-bedrooms, 4 two-bedrooms, and 2 three-bedrooms caters to a broad range of renter profiles and price points, supporting consistent leasing velocity. The property offers a unique structural layout, centered around an expansive central courtyard with garden, private balconies and patios facing the street and interior corridor. There are also several on-site laundry machines that generate additional income. Significant rental upside can be achieved through unit turnover. Select units have already undergone renovation, including new laminate flooring, paint, updated appliances, refreshed kitchens and bathrooms, and mini-split AC. Ample on-site parking totaling 24 spaces (12 tandem spots split across both sides of the property and 12 rear single spaces),with meaningful ADU potential through conversion of select tuck under parking spots (buyer to verify). Untapped ancillary income streams under new ownership, including the ability to implement a utility bill back program via RUBS and generate additional income from parking, neither of which is currently being captured. Offered at an attractive basis of $4,250,000 ($157,407/unit,$177.74/SF), reflecting a 5.27% current cap rate and 9.24 GRM on in-place income. Located in Koreatown, one of Los Angeles' most active rental markets, drawing a deep and diversified renter base to its dense concentration of restaurants, nightlife, and retail. Positioned within a submarket experiencing sustained momentum, with more than 50 major development projects underway or planned throughout Koreatown and independent research projecting rental rates to climb meaningfully over the coming years as available housing supply remains constrained. A persistent affordability gap supports durable demand, with the Koreatown median home price near $1.2 million placing homeownership out of reach for most local renters, reinforcing high occupancy and consistent rent growth throughout the submarket.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26859337
Price: $4,250,000
Beds: 30
Baths: 33
Built in 1962
23,912 sqft
0.57 acres
Lot size: 0.5741
County: Los Angeles
Zoning: LAR4
Parking description: Garage,Tandem
Heating/cooling: None
Heating description: None
MLS area: C17 - Mid-Wilshire

Last Updated: 7/21/2026

 Days On Market (DOM): 77

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.050054, -118.289564.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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