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$1,650,000

Est. payment - /mo

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16 Baths

7,760 SqFt

Price Dropped by $245K

123 S Westmoreland AVE Los Angeles, CA 90004

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Jerry And Rachel Team Hsieh

jerryandrachelteam@gmail.com +1(424) 242-8856

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,760 sqft

Price per Sqft $212

MLS Listing ID 25538349

HOA Y/N No

Year Built 1925

Lot Size 6,499 Sqft

Property Description

123 S. Westmoreland Ave, Los Angeles, CA 90004 16-Unit Multifamily | Koreatown / Virgil Village | Huge Price Reduction. Prime Koreatown/Virgil Village location, walkable to restaurants, retail, and transit (Vermont/Beverly Metro). 16 studio units | 7,760 SF building on 6,490 SF lot. 4 units delivered vacant at COE; immediate rent-up opportunity. Going-in CAP: 6.66% | GRM 8.8 Priced at $103,125/unit. Qualified Opportunity Zone (buyer to verify). Subject to LARSO. Rare value-add opportunity in one of LA's most dynamic rental markets. Qualified Opportunity Zones is provided for general reference only and does not constitute legal, tax, or financial advice. Buyer to perform buyer s own due diligence to verify all permits, SQFT, bedroom/bathroom count, school, and accuracy of all property related info.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features None

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5501015008

Special Listing Condition Standard

Listed by George Morales Compass

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

10

Ivanhoe Elementary

Public | KG - 5
9

Citizens of the World Charter

Public | KG - 8
9

Equitas Academy Charter

Public | KG - 5
9

Gabriella Charter

Public | KG - 8
8

Queen Anne Place Elementary School

Public | KG - 5
8

Los Feliz STEMM Magnet School

Public | KG - 6
8

Hoover Street Elementary

Public | KG - 5
8

Franklin Avenue Elementary

Public | KG - 5
8

Clifford Street Math & Technology Magent

Public | KG - 6
8

Allesandro Elementary School

Public | PK - 5
7

Cheremoya Avenue School

Public | PK - 6
7

Hollywood Primary Center

Public | KG - 3
7

Dr. Sammy Lee Medical and Health Science Magnet

Public | KG - 5
7

Equitas Academy Charter #2

Public | 5 - 8
6

Wilshire Park Elementary

Public | KG - 5
6

Van Ness Avenue Elementary

Public | KG - 5
6

Kim Elementary School

Public | KG - 5
6

Cahuenga Elementary School

Public | KG - 5
6

Downtown Value

Public | KG - 8
6

Micheltorena Elementary

Public | KG - 5

Middle Schools 20

8

Rise Kohyang Middle School

Public | 6 - 8
7

Alliance Gertz-Ressler Richard Merkin 6-12 Complex

Public | 6 - 12
6

Virgil Middle School

Public | 6 - 8
6

Thomas Starr King Middle School

Public | 6 - 8
6

New Designs Charter

Public | 6 - 12
5

Pico Pico Middle School

Public | 6 - 8
4

Joseph Le Conte Middle School

Public | 6 - 8
4

RFK Community Schools - Ambassador School of Global Leadership

Public | 6 - 12
4

Los Angeles Academy of Arts & Enterprise Charter

Public | 6 - 12
4

Vista Charter Middle School

Public | 6 - 8
4

Alliance College-Ready Middle Academy No. 12

Public | 6 - 8
2

Monsenor Oscar Romero Charter Middle School

Public | 6 - 8
1

Johnnie Cochran Jr. Middle School

Public | 6 - 8
1

Apex Academy

Public | 7 - 12
1

Berendo Middle School

Public | 6 - 8
1

Young Oak Kim Academy

Public | 6 - 8
1

John Liechty Middle School

Public | 6 - 8
1

Sal Castro Middle School

Public | 6 - 8
1

Para los Ninos Middle School

Public | 6 - 8
0

The Episcopal School of los Angeles

Private | 6 - 9

High Schools 20

9

Alliance Dr. Olga Mohan High School

Public | 9 - 12
9

Downtown Business High School

Public | 9 - 12
8

John Marshall High School

Public | 9 - 12
8

Orthopaedic Hospital

Public | 9 - 12
8

Alliance Environmental Science and Technology High School

Public | 9 - 12
7

Math and Science College Preparatory

Public | 9 - 12
7

Frederick Douglass Academy High School

Public | 9 - 12
7

STEM Academy of Hollywood

Public | 9 - 12
7

Central City Value

Public | 9 - 12
7

Camino Nuevo High No. 2

Public | 9 - 12
7

Alliance College-Ready Academy High No. 16

Public | 9 - 12
7

Ramon C. Cortines School of Visual and Performing

Public | 9 - 12
6

Usc Hybrid High School

Public | 9 - 12
5

Belmont Sh-la Teacher Preparatory Academy

Public | 9 - 12
5

Camino Nuevo Charter High School

Public | 9 - 12
5

Roybal Learning Center

Public | 9 - 12
4

RFK Community Schools - Los Angeles High School of the Arts

Public | 9 - 12
4

Santee Education Complex

Public | 9 - 12
4

Miguel Contreras Learning Complex - School of Business & Tourism

Public | 9 - 12
3

Los Angeles High School

Public | 9 - 12

School and business data provided by Attom Data.

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Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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123 S Westmoreland AVE Los Angeles, CA 90004

Jerry And Rachel Team Hsieh

Key Details

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Building

Others

NEARBY SCHOOL & BUSINESS

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123 S Westmoreland AVE