Los Angeles, CA 90004 149 S Westmoreland Avenue

149 S Westmoreland Avenue Los Angeles, CA - Image 1149 S Westmoreland Avenue Los Angeles, CA - Image 2149 S Westmoreland Avenue Los Angeles, CA - Image 3
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149 S Westmoreland Avenue Los Angeles, CA - Image 4149 S Westmoreland Avenue Los Angeles, CA - Image 5149 S Westmoreland Avenue Los Angeles, CA - Image 6
Presented By: Sean Rosenzweig with Marcus & Millichap;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25580985
  • 08/20/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 15
  • Baths • 8
  • SQFT • 8,458

Home Details

We are pleased to present for sale an eight-unit apartment community located at 149 South Westmoreland Avenue. Situated just south of 1st Street and west of Virgil Avenue, the property is located near Koreatown in a vibrant and rapidly evolving pocket. Situated on a 6,496-square-foot lot, the property is comprised of seven two-bedroom units and one one-bedroom unit. The property has 57% remaining rental upside through interior unit renovations. The property is individually metered for gas & electric, and each unit has a separate water heater. This offering provides investors the rare opportunity to acquire a 1920s vintage apartment asset consisting of large two-bedroom units with significant upside. Ongoing neighborhood revitalization, combined with the property's value-add potential, positions 149 South Westmoreland Avenue as an exceptional investment with strong prospects for superior future returns. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Presented By: Sean Rosenzweig with Marcus & Millichap;

Interior Features for 149 S Westmoreland Avenue

Bedrooms

Total Bedrooms15

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths8

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories2

General for 149 S Westmoreland Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.54
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsSouth of 1st Street & West of Virgil Avenue
Full Baths
Garage Y/NNo
Gross Income142182.0
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6497.0
Lot Size UnitsSquareFeet
MLS AreaC17 - Mid-Wilshire
MobileHomeRemainsYNNo
Net Operating Income80396.0
New ConstructionNo
Number Of Units Total8
PostalCityLOS ANGELES
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Year Built1926
Year Built SourceAssessor
ZoningLAR3

Exterior for 149 S Westmoreland Avenue

Building Area Total8458.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1492
Lot Size Area6497.0
Lot Size SourceAssessor
Number of Buildings1
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking0.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,450,000
MLS#25580985
List Date 08/20/2025
Property Type Multi-Family
Phone 714.742.6515
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