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0 Beds
32 Baths
18,604 sqft

$3,400,000

138 S Westmoreland Avenue, Los Angeles CA, 90004

Price per sqft$182.76
Built in1926
Property size18,604 sqft
Property typeResidential
Listed by Taylor Avakian CA DRE# 02060040 with Lyon Stahl Investment Real Estate, Inc. 916-996-4421

Overview

Active

Listed Sep 8, 2026

Updated 9 days ago

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.

$22,620/mo

Est. mortgage payment based on a $3,400,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26993013

Interior Features

Bedrooms
0
Bathrooms
32
Basement
No

Exterior Features

Lot Size
0.18 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Listed by Taylor Avakian CA DRE# 02060040 with Lyon Stahl Investment Real Estate, Inc. 916-996-4421

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/27/2026. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/27/2026 at 3:13 AM UTC Last Checked: 3:13 AM UTC

 

 

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