138 S Westmoreland Ave, Los Angeles, CA 90004
See all 15 photos
138 S Westmoreland Ave, Los Angeles, CA 90004
138 S Westmoreland Ave, Los Angeles, CA 90004
138 S Westmoreland Ave, Los Angeles, CA 90004
138 S Westmoreland Ave, Los Angeles, CA 90004
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
Anastasiya Richards

Anastasiya Richards

+1(510) 493-0442
$ 3,400,000
Est. payment /mo
Save
Active

138 S Westmoreland Ave Los Angeles, CA 90004

32 Baths

18,604 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,604 sqft

Price per Sqft $182

MLS Listing ID 26993013

Year Built 1926

Lot Size 7,924 Sqft

Acres 0.1819

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features None

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

Tour This Home

138 S Westmoreland Ave

GET MORE INFORMATION

Name

Name

Phone*

Phone

Message

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Anastasiya Richards, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

w600_original_82afdf6b-96e0-4b9d-b937-ae340f2e5324-jpeg (1)
};