132 S Westmoreland Ave
Los Angeles, CA 90004
4 Beds20 Baths10,640 Sq Ft94 Days on Market
For Sale $3,595,000
Request tour
Save
Courtesy of Marcus & Millichap
Listing Agent & Comments
132 S Westmoreland Ave is a 20-unit multifamily investment opportunity in the Koreatown neighborhood of Los Angeles located just south of 1st St between Virgil Ave and Vermont Ave. The property features a unit mix of 15 singles and 5 one-bedrooms; four singles will be delivered vacant; renovated units include new cabinetry, vinyl-plank flooring, stainless-steel appliances, tile bathrooms, and new paint's; ownership has spent $544k on interior unit renovations since 2021. At the asking price, the property is being offered at a 5.19% CAP rate and 10.52 GRM on current income with an additional 21% rental upside achievable as units turn through continued interior renovations. There is significant additional income with RUBS in place, as well as internet service. The property has a secured, gated entrance with intercom access; electricity is also separately metered. High Walk Score of 90, the property is close to the Metro B & D Rail Lines, and multiple Metro Local Lines along Beverly Blvd, Vermont Ave, and 3rd St. The property is ideally located with a short commute to Westlake, Hollywood, Echo Park, and Downtown Los Angeles
MLS# 24409071 • Data provided by CRMLS
Living Area | 10,640 Sq.Ft. |
---|---|
Lot Size | 7,928 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 4 |
Bathrooms | 20 |
Stories | -- |
Year Built | 1925 |
Property Type | Multi Family |
Zoning | LAR3 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $39,580 |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
This property is missing data for:
Forecast and rental estimate
New
Do you own this home?
Access your homeowner dashboard
HouseCanary, Inc. Brokerage
132 S Westmoreland Ave., Los Angeles, CA 90004
Multi Family4 Beds20 Baths10,640 Sq Ft94 Days on Market
Listing Agent & Comments
132 S Westmoreland Ave is a 20-unit multifamily investment opportunity in the Koreatown neighborhood of Los Angeles located just south of 1st St between Virgil Ave and Vermont Ave. The property features a unit mix of 15 singles and 5 one-bedrooms; four singles will be delivered vacant; renovated units include new cabinetry, vinyl-plank flooring, stainless-steel appliances, tile bathrooms, and new paint's; ownership has spent $544k on interior unit renovations since 2021. At the asking price, the property is being offered at a 5.19% CAP rate and 10.52 GRM on current income with an additional 21% rental upside achievable as units turn through continued interior renovations. There is significant additional income with RUBS in place, as well as internet service. The property has a secured, gated entrance with intercom access; electricity is also separately metered. High Walk Score of 90, the property is close to the Metro B & D Rail Lines, and multiple Metro Local Lines along Beverly Blvd, Vermont Ave, and 3rd St. The property is ideally located with a short commute to Westlake, Hollywood, Echo Park, and Downtown Los Angeles
MLS# 24409071 • Data provided by CRMLS
Living Area | 10,640 Sq.Ft. |
---|---|
Lot Size | 7,928 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 4 |
Bathrooms | 20 |
Stories | -- |
Year Built | 1925 |
Property Type | Multi Family |
Zoning | LAR3 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $39,580 |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
This property is missing data for:
Forecast and rental estimate
New
Do you own this home?
Access your homeowner dashboard
For Sale $3,595,000
Request tour
Save
Courtesy of Marcus & Millichap
132 S Westmoreland Ave
Los Angeles, CA 90004
4 Beds20 Baths10,640 Sq Ft94 Days on Market
Listing Agent & Comments
132 S Westmoreland Ave is a 20-unit multifamily investment opportunity in the Koreatown neighborhood of Los Angeles located just south of 1st St between Virgil Ave and Vermont Ave. The property features a unit mix of 15 singles and 5 one-bedrooms; four singles will be delivered vacant; renovated units include new cabinetry, vinyl-plank flooring, stainless-steel appliances, tile bathrooms, and new paint's; ownership has spent $544k on interior unit renovations since 2021. At the asking price, the property is being offered at a 5.19% CAP rate and 10.52 GRM on current income with an additional 21% rental upside achievable as units turn through continued interior renovations. There is significant additional income with RUBS in place, as well as internet service. The property has a secured, gated entrance with intercom access; electricity is also separately metered. High Walk Score of 90, the property is close to the Metro B & D Rail Lines, and multiple Metro Local Lines along Beverly Blvd, Vermont Ave, and 3rd St. The property is ideally located with a short commute to Westlake, Hollywood, Echo Park, and Downtown Los Angeles
MLS# 24409071 • Data provided by CRMLS
Living Area | 10,640 Sq.Ft. |
---|---|
Lot Size | 7,928 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 4 |
Bathrooms | 20 |
Stories | -- |
Year Built | 1925 |
Property Type | Multi Family |
Zoning | LAR3 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $39,580 |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
This property is missing data for:
Forecast and rental estimate
New
Do you own this home?
Access your homeowner dashboard
For Sale $3,595,000
Request tour
Save
Courtesy of Marcus & Millichap