1125 S Westmoreland Ave , Los Angeles, CA 90006
$4,250,000
Est. Payment: $21,385.33/mo
6 Bed
6 Bath
23912 Sqft
Status: active | Days on site: 8
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House Description

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.

Highlights

Listed by Neema Ahadian , 310-909-5444 Marcus & Millichap , 310-909-5500. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.57

Year Built

1962

County

Los Angeles

Area

C17 - Mid-Wilshire

Listing ID

26859337

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:6
  • Full Bathrooms:0

Exterior Features

Lot:No Land Lease
Lot Dimensions:125x200
Garage Capacity:24
Zoning:LAR4
Others:2+ Total Units,Has ADU
Parking Features:Garage,Tandem
Principal Interest
$21,385
Taxes
$2,709

Home Price

$4,250,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$850,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$21,385.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $21,385.33 $2,709.38 $0.00 $24,094.70
Yearly $256,623.94 $32,512.50 $0.00 $289,136.44
Total $7,698,718.12 $975,375.00 $0.00 $8,674,093.12

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T12:37:49.000Z

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