123 S. Westmoreland Ave, Los Angeles, CA 90004 16-Unit Multifamily | Koreatown / Virgil Village | Huge Price Reduction. Prime Koreatown/Virgil Village location, walkable to restaurants, retail, and transit (Vermont/Beverly Metro). 16 studio units | 7,760 SF building on 6,490 SF lot. 4 units delivered vacant at COE immediate rent-up opportunity. Price reduced by $353,000 Going-in CAP: 6.94% | GRM 10.11 Priced at $118,487/unit and $244.20/SF. Qualified Opportunity Zone (buyer to verify). Subject to LARSO. Rare value-add opportunity in one of LA's most dynamic rental markets. 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 George Morales
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License #01984555
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Compass
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323-578-8423
Last updated October 16, 2025
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Source: CRMLS #25538349
Listing Facts
TypeMulti-family
NeighborhoodRampart Village
Days on Prevu164
Size7,760 sqft
Price per sqft$244
Location
Mortgage Calculator
Listing History
09/27/2025
Price Decreased
$1,895,000
09/20/2025
Status changed to Active
$2,248,000
09/19/2025
Status changed to Removed from Feed
$2,248,000
09/18/2025
Status changed to Active
$2,248,000
09/17/2025
Status changed to Removed from Feed
$2,248,000
09/12/2025
Status changed to Active
$2,248,000
09/05/2025
Status changed to Removed from Feed
$2,248,000
09/05/2025
Status changed to Active
$2,248,000
09/03/2025
Status changed to Removed from Feed
$2,248,000
07/24/2025
Price Decreased
$2,248,000
07/24/2025
Status changed to Active
$2,498,000
07/23/2025
Status changed to Removed from Feed
$2,498,000
06/28/2025
Status changed to Active
$2,498,000
06/27/2025
Status changed to Removed from Feed
$2,498,000
05/23/2025
Status changed to Active
$2,498,000
05/22/2025
Status changed to Removed from Feed
$2,498,000
05/12/2025
Listed by Compass
$2,498,000
Property Details for 123 S Westmoreland Avenue
Exterior
Construction
Number Of Units Total: 16
Stories: 2
Stories Total: 2
Year Built: 1925
Entry Level: 1
Measurements
Building Area Total: 7,760
Lot Size Acres: 0.14
Lot Size Area: 6,497
Lot Size Dimensions: 52,125
Lot Size Square Feet: 6,497
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.94
Gross Income: $187,466.00
Taxes
Parcel Number: 5501015008
Interior
Measurements
Living Area: 7,760
Rooms
Bathrooms Total Integer: 16
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
