123 S Westmoreland Avenue

Los Angeles, CA 90004

  • 0 Bed(s)
  • 0 Bath(s)
  • 7,760 Sqft
  • 6497
    Sqft(Lot)
$2,498,000

Description

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49728538

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Property Details

  • Bedroom Information

    • Total Bedrooms : 0

    Bathroom Information

    • Total Baths: 16
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • None
    • Has Heating

  • Building Information

    • Year Built: 1925
    • Building Area Total: 7,760

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1492
    • Lot Size Dimensions: 52x125
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 6497

  • Listing Price Information

    • Original List Price: 2,498,000
    • Listing Contract Date: 2025-05-12

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5501015008

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C17 - Mid-Wilshire
    • Directions: East of Vermont Ave. and S. Beverly Blvd.
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: C17 - Mid-Wilshire

    Building and Construction

    • Property Age: 100
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 7760
    • Entry Level: 1
    • Levels or Stories: Two
    • Building Total Stories: 2
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Copyright © 2025 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 05/22/2025 @ 07:58

  • MLS: 25538349
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 7,760 sqft, 6,497 sized lot, and 0 parking. are nearby neighborhoods.