140 S. Westmoreland Ave., Los Angeles, CA 90004

  • $1,969,000
  • 31 Days on site
  • Beds: 9
  • Baths: 7
  • Commercial Building
  • 4,191 sq ft


CALL FOR OFFERS: Thursday 10/6/2016 @5PM. The Westmoreland Apartments is a Rare NON-RENT CONTROL, seven unit asset, located in one of the most Central and Desirable rental pockets in Los Angeles. All units are separately metered for Gas & Electricity, and all units have their own water heaters, keeping landlord expenses extremely LOW. The property features secure, gated entry, on-site laundry facilities, a community garden & 15 PARKING Spaces, including two garages. The property presents the astute investor with a NON-rent controlled asset; the ability to achieve market rents & operate with extremely low expenses & favorable financing, creating a solid income stream in a central & high-demand rental pocket, well positioned for accelerated appreciation. The property is situated on a 7,916 SF R3 lot, providing future development potential. Some expenses are estimates. Records provided upon accepted offer. 5. 95% Cap Rate & 12. 86 GRM based on market rents.

  • MLS ID# 16-165668
  • Year Built: 1982
  • 31 Days on site
  • Commercial Building
  • Beds: 9
  • Baths: 7

Listing Details

Parking Space (15)

Local Info

Median Household Income
Median Years In Residence
Median Homeowner Age
Households with Children
Percent of Homes Rented

Nearby Elementary Schools

215 S Commonwealth Ave
100 N New Hampshire Ave
307 S Occidental Blvd

Nearby Primary Schools

310 S La Fayette Park Pl

Nearby Middle Schools

152 N Vermont Ave
307 S Occidental Blvd
2900 W Temple St

Nearby High Schools

221 N Westmoreland Ave
222 N Virgil Ave
3500 W Temple St

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Property Contact Info

Listing Provided By: Elijah Korobkin
(323) 873-9332
Listing Agent: Elijah Korobkin

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