118 N Westmoreland Ave, Los Angeles, CA 90004 - Photo 1

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$3,750,000

For Sale
Active
Multi-Family
Updated 12 days ago

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Property 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.

Full Property Details

Full Property Details for 118 N Westmoreland Ave

General

Price: $3,750,000
Status: Active
Type: Multi-Family
Source: CLAW
MLS ID: 26648423
Updated: 2/13/2026
Added to Site: 16 day(s) ago

Additional Information

Other Features: None

Parking

Garage Description: None

Location

Area: Mid-Wilshire
County: Los Angeles
Driving Directions: Along N Westmoreland Ave near 1st St

Heating & Cooling

Cooling Type: Wall/Window
Heating Type: Wall

Structural Information

# Buildings: 1
Stories/Levels: 0
Square Feet: 18,765
Sq. Ft. Source: Vendor Enhanced
Year Built: 1926
Year Built Source: Vendor Enhanced

Unit Information

Units in Complex: 24
Unit Type: 2106, 2107

Unit 1

Total Bathrooms: 1

Unit 2

Total Bathrooms: 1
Bedrooms: 1

Additional Structures

Other Structures: None

Lot Features

Lot Size (Acres): 0.193
Lot Size: 8406
Lot Size Source: Vendor Enhanced
Lot Dimensions: 60 x 140
Zoning: LAM1

Financial Considerations

Price Per Sq. Ft.: $199.84
Assessment Year: 1926

Disclosures and Reports

Disclosures/Reports: None
APN: 5501-007-017

Listed by Lyon Stahl Investment Real Estate, Inc., Taylor Avakian

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Listing agent

— 118 N Westmoreland Ave —

Taylor Avakian

Lyon Stahl Investment Real Estate, Inc.

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Schools

Schools serving 118 N Westmoreland Ave

School District:Los Angeles Unified School District

Name	Grades	Distance
Dr. Sammy Lee Medical And Health Science Magnet Elementary 3600 Council Street, Los Angeles, CA 90004	K-5	0 mi
Virgil Middle School 152 North Vermont Avenue, Los Angeles, CA 90004	6-8	0.1 mi
Belmont Senior High School 1575 West 2nd Street, Los Angeles, CA 90026	9-12	1.6 mi
Miguel Contreras Learning Complex School 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1.9 mi
Contreras Learning Center-Los Angeles School Of Global Studies 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1.9 mi
Contreras Learning Center-School Of Social Justice 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1.9 mi
Academic Leadership Community School 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1.9 mi
Edward R. Roybal Learning Center 1200 Colton Street, Los Angeles, CA 90026	9-12	2.1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 118 N Westmoreland Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

2/09/2026

Listed

$3,750,000

-89.93%

MLS

3/23/2017

Sold

$37,227,273

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 118 N Westmoreland Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$75,304

$6,121,439

2023

$72,936

$5,884,064

2022

$69,580

$5,768,856

2021

$68,667

-1%

$5,655,907

18%

2020

$69,363

21%

$4,794,240

2019

$57,377

—

$4,692,000

2018

$57,166

83%

$4,600,000

88%

2017

$31,300

$2,448,000

2016

$30,418

323%

$2,400,000

431%

2015

$7,198

-3%

$451,708

2014

$7,388

—

$442,861

—

2013

$7,383

—

$440,860

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 118 N Westmoreland Ave

118 N Westmoreland Ave, Los Angeles, CA 90004 (MLS# 26648423) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 118 N Westmoreland Ave is currently listed for $3,750,000 and was received on February 09, 2026. Want to learn more about 118 N Westmoreland Ave? Do you have questions about finding other Multi-Family real estate for sale in Mid-Wilshire? You can browse all Mid-Wilshire real estate or contact a Coldwell Banker agent to request more information.

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118 N Westmoreland Ave Los Angeles, CA 90004