Overview
- 0
- 0
- 18765
- 1926
Description
118 N Westmoreland Ave | 24-Unit Rent-Controlled Multifamily Portfolio Offering in Koreatown / East Hollywood. Built in 1926, this classic Los Angeles multifamily asset features a balanced unit mix of (12) studios and (12) 1-bed/1-bath units, supporting broad renter appeal and leasing flexibility. The property is currently operating with multiple vacant units and below-market in-place rents, providing immediate upside through lease-up and mark-to-market rent growth across the rent roll. Situated in a dense, transit-oriented infill corridor with proximity to major employment centers, neighborhood retail, and public transportation, the asset benefits from durable tenant demand in one of Los Angeles’ most supply-constrained rental submarkets. Offered exclusively as part of a two-property Westmoreland Avenue portfolio, the property must be acquired together with the adjacent asset at 124 N Westmoreland Ave.
Address
Open on Google Maps- Address Westmoreland
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90004
Details
Updated on February 17, 2026 at 11:07 am- Property ID: HZ26648423
- Price: $3,750,000
- Property Size: 18765 Sq Ft
- Bedroom: 0
- Bathroom: 0
- Year Built: 1926
- Property Status: ResidentialIncome
- Listed by: Taylor Avakian
- DRE #: 02060040
- Contact Mail: taylor@lyonstahl.com
- Brokered by: Lyon Stahl Investment Real Estate, Inc.
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