$1,895,000

123 S Westmoreland Avenue, Los Angeles, CA 90004

7,760 sqft

other
Built in 1925
6,534sqft lot
—— car garage
$244/sqft
Listed 6 months ago

Property Description

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.

Listing Status:: Active
Date Added:: May 12, 2025 at 05:00AM
Listing Office:: Compass : 310-230-5478
Listing Agent:: George Morales : 323-578-8423
MLS ID:: CL25538349

A/C: None
Heating: None

Parking: None

County: Los Angeles

Zoning: LAR35501015008

This listing courtesy of George Morales, Compass

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Dr. Sammy Lee Medical and Health Science Magnet

3600 Council St, Los Angeles, CA, 90004

Grades KG-5

0.09 miles away

Virgil Middle School

152 N Vermont Ave, Los Angeles, CA, 90004

Grades 6-8

0.19 miles away

Harold Mcalister High (Opportunity)

611 S Carondelet St, Los Angeles, CA, 90057

Grades 6-12

0.92 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.