1125 S Westmoreland Avenue, Los Angeles, CA 90006

Multi-Family · For sale · $4,250,000 · MLS# 26859337

Multi-Family for sale in Southern California — $4,250,000. 30 beds · 33 baths · 23,912 sqft. We are pleased to present1125 S Westmoreland Avenue, a 27-unit multifamily investment opportunity in the heart of Koreatown, comprised of two distinct buildings. The front 10,824 SF building was built in 1937 and area…

1125 S Westmoreland Avenue
For sale

$4,250,000

1125 S Westmoreland Avenue, Los Angeles, CA 90006

30beds
33baths
23,912sqft
Multi-FamilyProperty type
1962Year built
0.57 acresLot size
23,912 sqftLiving area
$178/sqftPrice / sqft
HOA
24 spacesParking

Facts & features

Interior

Bedrooms & bathrooms

  • Bedrooms: 30
  • Bathrooms: 33

Heating

  • Heating: None

Cooling

  • Cooling: None

Interior area

  • Living area: 23,912 sqft

Property

Parking

  • Total parking spaces: 24

Lot

  • Lot size: 0.57 acres

Construction

Type & style

  • Home type: Multi-Family

Condition

  • Year built: 1962

Community & HOA

Community

  • Has HOA: No

Financial & listing details

  • Days on market: 5 days
  • Price / sqft: $178
  • Status: Active
  • MLS#: 26859337

Location

  • City: Los Angeles
  • ZIP: 90006

About this home

We are pleased to present1125 S Westmoreland Avenue, a 27-unit multifamily investment opportunity in the heart of Koreatown, comprised of two distinct buildings. The front 10,824 SF building was built in 1937 and arear 13,088 SF building was built in 1962, situated on a large25,000 SF lot. A diverse and highly marketable unit mix of 4 bachelors, 4singles, 13 one-bedrooms, 4 two-bedrooms, and 2 three-bedrooms caters to a broad range of renter profiles and price points, supporting consistent leasing velocity. The property offers a unique structural layout, centered around an expansive central courtyard with garden, private balconies and patios facing the street and interior corridor. There are also several on-site laundry machines that generate additional income. Significant rental upside can be achieved through unit turnover. Select units have already undergone renovation, including new laminate flooring, paint, updated appliances, refreshed kitchens and bathrooms, and mini-split AC. Ample on-site parking totaling 24 spaces (12 tandem spots split across both sides of the property and 12 rear single spaces),with meaningful ADU potential through conversion of select tuck under parking spots (buyer to verify). Untapped ancillary income streams under new ownership, including the ability to implement a utility bill back program via RUBS and generate additional income from parking, neither of which is currently being captured. Offered at an attractive basis of $4,250,000 ($157,407/unit,$177.74/SF), reflecting a 5.27% current cap rate and 9.24 GRM on in-place income. Located in Koreatown, one of Los Angeles' most active rental markets, drawing a deep and diversified renter base to its dense concentration of restaurants, nightlife, and retail. Positioned within a submarket experiencing sustained momentum, with more than 50 major development projects underway or planned throughout Koreatown and independent research projecting rental rates to climb meaningfully over the coming years as available housing supply remains constrained. A persistent affordability gap supports durable demand, with the Koreatown median home price near $1.2 million placing homeownership out of reach for most local renters, reinforcing high occupancy and consistent rent growth throughout the submarket.

Listing updated: July 13, 2026 at 1:20 PM

Listed by: Neema Ahadian, Marcus & Millichap

Source: CRMLS, MLS#: 26859337, Originating MLS: California Regional MLS

Location

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Los Angeles

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Facts & features

Interior

Bedrooms & bathrooms

  • Bedrooms: 30
  • Bathrooms: 33

Heating

  • Heating: None

Cooling

  • Cooling: None

Interior area

  • Living area: 23,912 sqft

Property

Parking

  • Total parking spaces: 24

Lot

  • Lot size: 0.57 acres

Construction

Type & style

  • Home type: Multi-Family

Condition

  • Year built: 1962

Community & HOA

Community

  • Has HOA: No

Financial & listing details

  • Days on market: 5 days
  • Price / sqft: $178
  • Status: Active
  • MLS#: 26859337

Location

  • City: Los Angeles
  • ZIP: 90006

Price history

DateEventPrice
7/13/2026Source: CRMLS, #26859337Listed for sale$4,250,000$178/sqft
California Regional Multiple Listing Service (CRMLS)

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-13 13:20:39 PDT and /or other sources. 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