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$ 1,650,000
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Price Dropped by $245K
123 S Westmoreland AVE Los Angeles, CA 90004
6,499 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25537551
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
Fireplace No
Exterior
Community Features Gated
Roof Type Clay,Flat
Building
Story 2
Others
Tax ID 5501015008
Security Features Gated Community
Special Listing Condition Standard
Listed by George Morales Compass