118 N Westmoreland Ave, Los Angeles, CA 90004
118 N Westmoreland Ave, Los Angeles, CA 90004
118 N Westmoreland Ave, Los Angeles, CA 90004
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$3,750,000
Est. payment /mo
18,765 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,765 sqft

Price per Sqft $199

MLS Listing ID 26648423

Year Built 1926

Lot Size 8,406 Sqft

Acres 0.193

Property Sub-Type Multi-Family

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.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAM1

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment Microwave

Exterior

Parking Features None

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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+1(424) 214-0133

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