138 S Westmoreland Avenue Los Angeles, CA ^$ 3,400,000

138 S Westmoreland Avenue

^$ 3,400,000

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138 S Westmoreland Avenue

Los Angeles, CA, 90004

^$ 3,400,000

Bedrooms-- Baths2.0 Sq 18,604

Monthly Estimate*

^$ 23,483

Listed by Taylor Avakian, Lyon Stahl Investment Real Estate, Inc., taylor@lyonstahl.com

138 S Westmoreland Avenue, Los Angeles, CA 90004 - Image 1

138 S Westmoreland Avenue, Los Angeles, CA 90004 - Image 2

138 S Westmoreland Avenue, Los Angeles, CA 90004 - Image 3

138 S Westmoreland Avenue, Los Angeles, CA 90004 - Image 4

138 S Westmoreland Avenue, Los Angeles, CA 90004 - Image 5

138 S Westmoreland Avenue, Los Angeles, CA 90004 - Image 6

138 S Westmoreland Avenue, Los Angeles, CA 90004 - Image 7

138 S Westmoreland Avenue, Los Angeles, CA 90004 - Image 8

138 S Westmoreland Avenue, Los Angeles, CA 90004 - Image 9

138 S Westmoreland Avenue, Los Angeles, CA 90004 - Image 10

138 S Westmoreland Avenue, Los Angeles, CA 90004 - Image 11

138 S Westmoreland Avenue, Los Angeles, CA 90004 - Image 12

138 S Westmoreland Avenue, Los Angeles, CA 90004 - Image 13

138 S Westmoreland Avenue, Los Angeles, CA 90004 - Image 14

138 S Westmoreland Avenue, Los Angeles, CA 90004 - Image 15

Multi-Family Home for sale in Los Angeles, CA

for $3,400,000 with 2 full baths. This 18,604 square foot home was built in 1926 on a lot size of 0.1819.

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.

Multi-Family Active

Price

^$ 3,400,000

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1819

Year Built

1926

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

26993013

Days on Market

Features

General

Living Area 18604

Heating None

Cooling None

Zoning LAR3

Year Built 1926

Levels Multi/Split

Gross Income 503507

County Los Angeles

Net Operating Income 214921

New Construction false

Property Type Residential Income

HOA false

Full Baths 0

Special Listing Conditions Standard

Status Active

Directions Along Westmoreland Ave near W 1st St

City Los Angeles

Senior Community Y/N false

Number Of Units Total 33

MLS Area C17 - Mid-Wilshire

Lot Size Units Square Feet

Lot Size Square Feet 7924

Standard Status Active

Cap Rate 6.17

Interior

Total Stories 0

Air Conditioning Y/N false

Heating Y/N false

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 0

Total Baths 32

Exterior

Parking Features None

Total Parking 0

Lot Size Area 7924

Number of Buildings 1

Building Area Total 18604

Lot Dimensions 52x153

Lot Size Acres 0.1819

* Excluded Features

List By

Taylor Avakian

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

Broker

taylor@lyonstahl.com

Affordability Calculator

$23,483

Per Month

Monthly Principal & Interest: $23,483
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,927,474

Percent of Sale Price 43%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/25/2026	$3,400,000		Listed Price

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138 S Westmoreland Avenue, Los Angeles, CA, 90004 is a Multi-Family Home for sale at $3,400,000 with 18,604 sqft and a lot size of 0.1819. 138 S Westmoreland Avenue has 2.0 baths and was built in 1926. The property's zip code is 90004 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 10/20/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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138 S Westmoreland Avenue

Multi-Family Home for sale in Los Angeles, CA

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