138 S Westmoreland Ave, Los Angeles, CA 90004 - Photo 1

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$3,400,000

For Sale
Active
Multi-Family
Updated 11 hours ago

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Property Description

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.

Full Property Details

Full Property Details for 138 S Westmoreland Ave

General

Price: $3,400,000
Status: Active
Type: Multi-Family
Source: CLAW
MLS ID: 26993013
Updated: 10/9/2026
Added to Site: 31 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 32

Additional Information

Other Features: None

Parking

Garage Description: None

Location

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

Heating & Cooling

Cooling Type: None
Heating Type: None

Structural Information

# Buildings: 1
Stories/Levels: 0
Square Feet: 18,604
Sq. Ft. Source: Vendor Enhanced
Year Built: 1926
Year Built Source: Vendor Enhanced

Unit Information

Units in Complex: 33
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): 0.1819
Lot Size: 7924
Lot Size Source: Vendor Enhanced
Lot Dimensions: 52 x 153
Zoning: LAR3

Financial Considerations

Price Per Sq. Ft.: $182.76
Assessment Year: 1926

Disclosures and Reports

Disclosures/Reports: None
APN: 5501-016-009

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

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Listing agent

— 138 S Westmoreland Ave —

Taylor Avakian

Lyon Stahl Investment Real Estate, Inc.

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Schools

Schools serving 138 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	0.2 mi
Belmont Senior High School 1575 West 2nd Street, Los Angeles, CA 90026	9-12	1.5 mi
Miguel Contreras Learning Complex School 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1.8 mi
Contreras Learning Center-Los Angeles School Of Global Studies 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1.8 mi
Contreras Learning Center-School Of Social Justice 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1.8 mi
Academic Leadership Community School 322 Lucas Avenue, Los Angeles, CA 90017	9-12	1.8 mi
Edward R. Roybal Learning Center 1200 Colton Street, Los Angeles, CA 90026	9-12	2 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 138 S Westmoreland Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/08/2026

Listed

$3,400,000

58.14%

MLS

8/08/2005

Sold

$2,150,000

—

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 138 S Westmoreland Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$37,678

—

$2,996,907

2025

$37,678

$2,938,145

2023

$36,414

$2,837,086

2022

$34,788

$2,781,713

2021

$34,276

-1%

$2,727,426

2020

$34,604

$2,699,595

2019

$33,290

—

$2,633,887

2018

$33,174

$2,582,243

2017

$32,426

$2,531,612

2016

$31,472

$2,481,973

2015

$31,007

-1%

$2,444,692

2014

$31,242

37%

$2,396,805

41%

2013

$22,839

—

$1,700,000

—

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 138 S Westmoreland Ave

138 S Westmoreland Ave, Los Angeles, CA 90004 (MLS# 26993013) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 138 S Westmoreland Ave is currently listed for $3,400,000 and was received on September 08, 2026. Want to learn more about 138 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.

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138 S Westmoreland Ave Los Angeles, CA 90004