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123 S Westmoreland Avenue

Los Angeles, CA 90004

– beds
– baths
– sqft
6,497 sqft lot
1925 build
– on site

Prime location! 123 S. Westmoreland Avenue, a 16-unit multifamily asset located in the highly sought-after Koreatown Virgil Village neighborhood of Los Angeles. This property presents a rare opportunity for investors to acquire a value-add asset in one of the city's most dynamic rental markets. Situated just south of 1st Street, between Virgil Avenue and Vermont Avenue, the property occupies a 6,490 SF lot and benefits from excellent transit connectivity via the Vermont/Beverly Metro Stations, as well as numerous Metro Local Lines. The nearby Virgil Avenue corridor is a vibrant and growing hub, offering a diverse array of restaurants, coffee bars, retail shops, and entertainment options that appeal to both residents and visitors. The asset comprises a well-maintained, two-story apartment building totaling approximately 7,760 gross square feet, featuring 16 studio units, each with a private bathroom. Located within a Qualified Opportunity Zone, the property offers potential for significant tax incentives that may enhance long-term returns (Information regarding 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.

Listed By CRMLS_CA / George Morales / Compass

Last checked: Checking… • Last updated May 13, 2025 •

MLS# 25538349 —

The Building

Year Built:

1925
New Construction:

No
Building Area Total:

7760.00
Total Number Of Units:

16
# of Buildings:

1
Stories Total:

2
Entry Level:

1

Interior

Levels:

Two

Financial & Terms

Disclosures:

Rent Control

Location

Directions:

East of Vermont Ave. and S. Beverly Blvd.
Latitude:

34.07268600
Longitude:

-118.28826100

The Property

Property Type:

Residential Income
Zoning:

LAR3
Lot Size Area:

6497.0000
Lot Size Dimensions:

52x125
Lot Size Acres:

0.1492
Lot Size SqFt:

6497.00

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5501015008

Heating & Cooling

Heating:

None
Cooling:

No
Cooling:

None

Appliances

Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

No
Parking:

None

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/13/25 May 13, 2025	Listed / Active	CRMLS_CA	$2,498,000

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This multifamily located in Central LA, Los Angeles, CA 90004 is currently for sale for $2,498,000. 123 S Westmoreland Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. 123 S Westmoreland Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 91, making it a walker’s paradise. This multifamily is in the attendance area of Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Miguel Contreras Learning Complex - Business And Tourism, Dr. Sammy Lee Medical And Health Science Magnet Elementary School, Belmont Senior High School, Virgil Middle School, Edward R. Roybal Learning Center, Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Miguel Contreras Learning Complex - School Of Social Justice, and Ramon C Cortines School Of Visual And Performing Arts.

Listing Courtesy of: CRMLS_CA and Compass. Based on information from California Regional Multiple Listing Service, Inc. as of 23:20 on May 13.

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.