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$1,300,000
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Property Description
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. 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.
Full Property Details
Full Property Details for 123 S Westmoreland Ave
General
- Sold For: $1,300,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 25538349
- Added to Site: 342 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 16
Additional Information
- Other Features: None
Parking
- Garage Description: None
Location
- Area: Mid-Wilshire
- County: Los Angeles
- Driving Directions: East of Vermont Ave. and S. Beverly Blvd.
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Structural Information
- # Buildings: 1
- Common Walls: Attached
- Entry Floor Number: 1
- Stories/Levels: 2
- Square Feet: 7,760
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1925
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 16
- Unit Type: 2106
Unit 1
- Total Bathrooms: 16
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1492
- Lot Size: 6497
- Lot Size Source: Vendor Enhanced
- Lot Dimensions: 52 x 125
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $212.63
- Price Per Unit: 118438
- Assessment Year: 1925
- Owner Pays: Water, Other
Disclosures and Reports
- Disclosures/Reports: As Is, Rent Control
- APN: 5501-015-008
Listed by Compass, George Morales
Sold by Compass, George Morales and Non-Participant Office, Subscriber Non
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Schools
Schools serving 123 S 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 | 0.1 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 |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 123 S Westmoreland Ave
Date
Details
Price
Change
Source
3/20/2026
Sold
$1,300,000
-21.21%
MLS
1/16/2026
Price Reduced
$1,650,000
-12.93%
MLS
9/26/2025
Price Reduced
$1,895,000
-15.7%
MLS
7/24/2025
Price Reduced
$2,248,000
-10.01%
MLS
5/12/2025
Listed
$2,498,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
123 S Westmoreland Ave, Los Angeles, CA 90004 (MLS# 25538349) is a Multi-Family property that was sold at $1,300,000 on March 20, 2026. Want to learn more about 123 S 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.

