$ 2,248,000
-
$2,248,000
Price -
0
Bed - Bath
-
7,760
SqFt
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About the Listing CLW-X81461 - CLW-C125491,CLW-X99999
Prime location! 123 S. Westmoreland Avenue, a 16-unit multifamily asset located in the highly sought-after Koreatown Virgil Village neighborhood of Los Angeles. This property presents a rare opportunity for investors to acquire a value-add asset in one of the city's most dynamic rental markets. Situated just south of 1st Street, between Virgil Avenue and Vermont Avenue, the property occupies a 6,490 SF lot and benefits from excellent transit connectivity via the Vermont/Beverly Metro Stations, as well as numerous Metro Local Lines. The nearby Virgil Avenue corridor is a vibrant and growing hub, offering a diverse array of restaurants, coffee bars, retail shops, and entertainment options that appeal to both residents and visitors. The asset comprises a well-maintained, two-story apartment building totaling approximately 7,760 gross square feet, featuring 16 studio units, each with a private bathroom. Located within a Qualified Opportunity Zone, the property offers potential for significant tax incentives that may enhance long-term returns (Information regarding 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.
Listing Highlights for 123 S Westmoreland Ave
Status
Active
Days on Site
117
Property Type
Commercial Sale
MLS ®
25537551
Year Built
1925
Total Square Footage
7,760
Lot/Acreage
N/A
County
Los Angeles
Area
C17 - Mid-Wilshire
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAR3
- Roof: Flat,Clay
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5501015008
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
123 S Westmoreland Ave Los Angeles, CA 90004
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