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140 S Westmoreland Ave
Los Angeles, CA 90004 Koreatown

$2,199,000 USD

Apartments For Sale • 4,193 SF

Property Details

Property Type Apartments
Total Building Size 4,193 SF
Lot Size 0.18 AC
Building Class C
Year Built 1982
Cap Rate 4.72 %
Zoning LAR3

72 Transit Score

91 Walk Score

                
                    Highlights
                
                                9.7% cap rate (proforma) through adding 6 ADU’s
                            
                                Not subject to Los Angeles Rent Stabilization Ordinance (RSO)
                            
                                Constructed in 1982 – subject to AB 1482, allowing annual rent increases of 5% + CPI
                            
                                Significant value-add opportunity to develop up to six new ground-up ADUs in the rear parking area (buyer to verify)
                            
                                7-unit multifamily property situated on a 7,916 SF LAR3-zoned lot
                            
                                On-site parking with approximately 12 spaces

Property Flyers

140 S Westmoreland Ave OM

Financial Summary (Proforma)

Net Operating Income: $251,264 USD (2027)

Cap Rate:	4.72 %
Total Expenses:	$68,545 USD

Amenities

24 Hour Access
Air Conditioning
Controlled Access
Laundry Facilities
Tenant Controlled HVAC
Gated
Heating
Kitchen
Range
Tub/Shower
Walk-Up

Public Transportation

Commuter Rail	Drive	Walk	Distance
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))	10 min	-	4.0 mi
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	11 min	-	4.8 mi
Transit/Subway	Drive	Walk	Distance
Vermont/Beverly Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	10 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))	3 min	20 min	1.1 mi
Airport	Drive	Walk	Distance
Bob Hope	22 min	-	12.0 mi
Los Angeles International	29 min	-	14.9 mi
Long Beach (Daugherty Field)	36 min	-	24.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Surface
Included in Rent:	Yes

Jason Cole 818-984-2389 Kidder Mathews

140 S Westmoreland Ave Los Angeles, CA 90004 Koreatown