140 S Westmoreland Ave Case Study
Virgil / Downtown-adjacent, Los Angeles, CA
The Opportunity
140 S Westmoreland Avenue was an opportunity to represent a buyer on a non-rent-controlled, core-plus asset in the up-and-coming Virgil neighborhood near Downtown LA. Roughly half the units were already upgraded, while the rest offered renovation upside as rents in the area continued to climb.
The Solution
We leveraged our standing with all parties involved to secure our client early access for preliminary evaluation, then used that information advantage to submit an offer that outperformed competing bids.
The Results
Our market relationships, industry standing, and persistence secured the acquisition for our client.
See the full closed sale record for 140 S Westmoreland Ave.
If You Are in a Similar Situation
Buying an apartment building
Buyers do best with a broker who knows the submarket and the rules that apply to each building. See our market update for current prices and cap rates, and our guide to how to choose a multifamily broker.
Frequently Asked Questions
How much did 140 S Westmoreland Ave sell for?
140 S Westmoreland Ave (Virgil / Downtown-adjacent, Los Angeles, CA) sold for $1,980,000. The building has 7 units, or about $282,857 per unit, and about $472 per square foot of building area.
What happened in the sale of 140 S Westmoreland Ave?
Buyer representation on a core-plus Koreatown-area asset in an up-and-coming submarket, secured through early access and market insight.
Can Highlight help me sell a similar building?
Yes. We advise apartment owners across the Los Angeles area on sales, 1031 exchanges, and trust and probate sales. Start with a free, confidential Broker Opinion of Value, or see our other case studies and closed sales.