138 S Westmoreland Ave | 33-Unit Value-Add Multifamily, Los Angeles. The property is a 1926-built asset totaling 18,604 SF on a 7,922 SF lot in Rampart Village, on the northern edge of Koreatown and within walking distance of the Metro B Line. It features (31) studio units averaging 445 SF and (2) 1+1 units at 625 SF. Twenty-nine units are currently occupied, and 23 of them rent below market. Four long-term tenancies dating to 20052011 carry 34%67% upside to the $1,395 studio market rent, and three vacant studios are ready to lease at market. Offered at $3,400,000 ($103,030/unit | $182.76/SF) with a 6.17% current cap rate, the real story is the rent-to-market gap a 7.71% pro forma cap and an entry roughly 12.7% below the ~$118K/unit average of recent comparable sales.
Property Details
Price:
$3,400,000
MLS #:
26993013
Status:
Active
Beds:
0
Baths:
32
Type:
Single Family
Neighborhood:
c17midwilshire
Listed Date:
Sep 25, 2026
Finished Sq Ft:
18,604
Total Sq Ft:
18,604
Lot Size:
7,924 sqft / 0.18 acres (approx)
Year Built:
1926
See this Listing
Schools
Interior
Cooling
None
Heating
None
Levels
Multi/Split
Exterior
Parking Features
None
Financial
Map
Community
- Address138 S Westmoreland AV Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
Subdivisions in Los Angeles
- #5666 lot 114
- 12471
- 32524
- ARLINGTON HEIGHTS TERRACE SUBDIVISION NO. 1
- Bel Air
- BEL AIR CREST
- Biscuit Company Lofts
- Brentwood Country Estates
- Cedar Lodge
- Culver District 16
- Doheny Estates
- Elysian Valley
- Glen Terrace
- Gramercy Park
- Hacienda Tularosa
- Highland Park Extension
- Hollywood Dell
- Koreatown, Los Angeles
- Las Collinas Heights
- LE MOYNE TERRACES TRACT NO. 2
- Los Angeles Southwest C 34
- Lucile Court
- Metropolis
- Metropolis Residences
- Nelavida
- North Burbank Blvd./ South Oxnard St./ West Vinela
- Not Applicable – 1007242
- Not Applicable-105
- Ocean Park Villa
- Other – 0011
- OTHR
- Outpost Estates
- Palisades Country Estates
- Park Place
- Pickford Court
- Savoy
- Silver Strand
- Subdivision Name / Tract: 5609
- The Hollywood Residences
- THE LONGFORD
- The Los Feliz Oaks
- The Ritz Carlton Residences
- The Sanborn Collection
- TRACT NO 28826 CONDOMINIUM UNIT 6
- Tract No. 10636
- Tract No. 8131
- Tract. No. 1033
- Westmont WMON
- Winton & McLeods Figueroa Tract
Market Summary
Current real estate data for Single Family in Los Angeles as of Nov 09, 2026
5,090
Single Family Listed
103
Avg DOM
526
Avg $ / SqFt
$2,006,908
Avg List Price
Property Summary
- 138 S Westmoreland AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90004. It is listed for $3,400,000 and features 0 beds, 32 baths, and has approximately 18,604 square feet of living space, and was originally constructed in 1926. The current price per square foot is $183. The average price per square foot for Single Family listings in Los Angeles is $526. The average listing price for Single Family in Los Angeles is $2,006,908.
Similar Listings Nearby
Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.138 S Westmoreland AV
Los Angeles, CA