149 S Westmoreland Ave, Los Angeles, CA 90004 - View 1
149 S Westmoreland Ave, Los Angeles, CA 90004 - View 2
149 S Westmoreland Ave, Los Angeles, CA 90004 - View 3
149 S Westmoreland Ave, Los Angeles, CA 90004 - View 4
149 S Westmoreland Ave, Los Angeles, CA 90004 - View 5
149 S Westmoreland Ave, Los Angeles, CA 90004 - View 6
149 S Westmoreland Ave, Los Angeles, CA 90004 - View 7

149 S Westmoreland Ave, Los Angeles, CA 90004

List Price: $1,450,000On Market FlagOn market
Aug 18, 20258,458 sqft16 beds8 baths
Listed by: Sean Rosenzweig
License #: 01406343
Phone #: 213-943-1897
Marcus & Millichap
Source:
CRMLS Logo
MLS #: 25580985

Property Description

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.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$35,442

TurboHome Estimated Value

$1,906,400

$225 sqft

High Valuation
$2,001,720
$237/sqft
Normal Valuation
$1,906,400
$225/sqft
Low Valuation
$1,811,080
$214/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$225/sqft$1,906,400

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