124 N Westmoreland Ave | 30 Unit Rent Controlled Multifamily Portfolio Offering in Koreatown / East Hollywood. Built in 1927, this well located urban infill asset is comprised entirely of (30) studio units, a product type that continues to perform well in high density, transit oriented submarkets due to affordability, leasing velocity, and operational efficiency. The property is currently operating with multiple vacant units and below market in place rents, providing immediate upside through lease up and systematic rent optimization across the rent roll. Situated along a dense residential corridor with proximity to major employment centers, neighborhood retail, and public transportation, the asset benefits from durable tenant demand in one of Los Angeles' most supply constrained rental markets. Offered exclusively as part of a two property Westmoreland Avenue portfolio, the property must be acquired together with the adjacent asset at 118 N Westmoreland Ave.