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  • 138 S Westmoreland Avenue

138 S Westmoreland Avenue, Los Angeles, CA 90004

$3,400,000 Approx. USD 0 beds, 32 baths
18,604 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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thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
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 Tustin 18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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Listing Agent


Taylor Avakian | taylor@lyonstahl.com
Lic#: 02060040
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 916-996-4421

Agent Remarks

138 S Westmoreland Ave | 33-Unit Value-Add Multifamily, Los Angeles. The property is a 1926-built asset totaling 18,604 SF on a 7,922 SF lot in Rampart Village, on the northern edge of Koreatown and within walking distance of the Metro B Line. It features (31) studio units averaging 445 SF and (2) 1+1 units at 625 SF. Twenty-eight units are currently occupied, and 21 of them rent below market. Four long-term tenancies dating to 20052011 sit 34%67% below the $1,395 studio market rent, and four vacant studios are ready to lease at market. Offered at $3,400,000 ($103,030/unit | $182.76/SF) with a 6.30% current cap rate, the real story is the rent-to-market gap a 7.71% pro forma cap and an entry roughly 12.7% below the ~$118K/unit average of recent comparable sales.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26993013
Price: $3,400,000
Beds: 0
Baths: 32
Built in 1926
18,604 sqft
0.18 acres
Lot size: 0.1819
County: Los Angeles
Zoning: LAR3
Parking description: None
Heating/cooling: None
Heating description: None
MLS area: C17 - Mid-Wilshire

Last Updated: 9/26/2026

 Days On Market (DOM): 19

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

Lat/Long: 34.072235, -118.287535.
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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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