Commercial: MLS #0025537551 Los Angeles, CA ^$ 1,895,000

Commercial: MLS #0025537551

^$ 1,895,000

Back to search

Commercial: MLS #0025537551

Name: address
Address: CA, 90004

Los Angeles, CA, 90004

^$ 1,895,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 11,822

Commercial Property for sale in Los Angeles, CA

for $1,895,000. This building was built in 1925 on a lot size of 0.149219.

123 S. Westmoreland Ave, Los Angeles, CA 90004 16-Unit Multifamily | Koreatown / Virgil Village | Huge Price Reduction. Prime Koreatown/Virgil Village location, walkable to restaurants, retail, and transit (Vermont/Beverly Metro). 16 studio units | 7,760 SF building on 6,490 SF lot. 4 units delivered vacant at COE immediate rent-up opportunity. Price reduced by $353,000 Going-in CAP: 6.94% | GRM 10.11 Priced at $118,487/unit and $244.20/SF. Qualified Opportunity Zone (buyer to verify). Subject to LARSO. Rare value-add opportunity in one of LA's most dynamic rental markets. Qualified Opportunity Zones is provided for general reference only and does not constitute legal, tax, or financial advice. Buyer to perform buyer s own due diligence to verify all permits, SQFT, bedroom/bathroom count, school, and accuracy of all property related info.

Commercial Active

Price

^$ 1,895,000

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.149219

Year Built

1925

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0025537551

Features

General

Roof Flat Clay

Zoning LAR3

Security Features Gated Community

Year Built 1925

County Los Angeles

Net Operating Income 131505.0

Property Type F

Status Active

City Los Angeles

MLS Area C17 - Mid-Wilshire

Standard Status Active

Exterior

Lot Size Area 6497.0

Lot Dimensions 52x125

Land Lease Type Fee

Interior

Total Stories 2

Total Baths 0

* Excluded Features

List By

George Morales

Listing Agent

Compass

Broker

Affordability Calculator

$11,822

Per Month

Monthly Principal & Interest: $11,822
Monthly Property Taxes: --
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,719,701

Percent of Sale Price 44%

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/27/2025	$1,895,000	-15.70%	Price Down
7/25/2025	$2,248,000	-10.01%	Price Down
5/13/2025	$2,498,000		Listed Price

Map

More homes like this one

homes for you

See all

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 12/13/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

Commercial: MLS #0025537551

Commercial Property for sale in Los Angeles, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home