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123 S Westmoreland Ave
Los Angeles, CA 90004 Koreatown

Price Upon Request

Apartments For Sale • 7,760 SF

Property Details

Property Type Apartments
Total Building Size 7,760 SF
Lot Size 0.15 AC
Building Class B
Year Built 1925
Zoning LAR3

80 Transit Score

80 Walk Score

                
                    Highlights
                
                                PRICED FOR IMMEDIATE SALE. SUBMIT ALL OFFERS.
                            
                                Going in CAP Rate of 6.66%. Market CAP Rate of 12.95%. GRM of 8.80. Potential of Nearly 100% Upside During the Hold Period. 
                            
                                Priced at $103,125/Unit and $212.63/SF
                            
                                4 Renovated Units Will be Delivered Vacant at COE Allowing the New Buyer to Bring Rents to Market Immediately
                            
                                Enormous Opportunity for Rental Growth via Targeted Renovations for the Savvy and Mission-Oriented Operator
                            
                                Qualified Opportunity Zone Investment. Subject to LARSO

Financial Summary (Actual)

Net Operating Income: $109,848 USD (2025)

Total Expenses:

$66,181 USD

Amenities

Patio

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	7 min	-	3.8 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	4.0 mi
Transit/Subway	Drive	Walk	Distance
Vermont/Beverly Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	8 min	0.5 mi
Wilshire/Vermont Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Bob Hope	20 min	-	11.9 mi
Los Angeles International	26 min	-	14.9 mi
Long Beach (Daugherty Field)	34 min	-	24.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

123 S Westmoreland Ave OFF MARKET Los Angeles, CA 90004 Koreatown OFF MARKET