523 S WESTMORELAND AVE.
Los Angeles, CA 90020 · APN 5077-004-019
UNITS
56
BUILDING SF
30,280
SF / UNIT
541
YEAR BUILT
-
BEDROOMS
14
BATHROOMS
56
USE · CODE 0500
5+ UNITS
Leave an email and I will send you what it is worth today, in place and on turnover, from comps that closed within three blocks. Free, confidential, inside 48 hours, and no listing pitch until you ask for one.
This form saves what you type as you go, so you can come back to it.
PROP 13 ASSESSED VALUES, USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.
PRICE ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE, NOT A VERIFIED CLOSING PRICE.
RENT CONTROL STATUS NOT DETERMINED
These records carry no year built for this parcel, and coverage turns on exactly those facts: the Rent Stabilization Ordinance reaches City of Los Angeles buildings of two or more units with a certificate of occupancy issued on or before 1 October 1978. Rather than guess, confirm the address with LAHD.
Recent sales nearby.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON S WESTMORELAND AVE · ZIP 90020
SIMILAR SIZE AND ERA IN 90020
This building sits in Koreatown.
RECORDED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
Is 523 S Westmoreland Ave rent controlled?
These records carry no year built for this parcel, and coverage turns on exactly those facts: the Rent Stabilization Ordinance reaches City of Los Angeles buildings of two or more units with a certificate of occupancy issued on or before 1 October 1978. Rather than guess, confirm the address with LAHD. Confirm the address with the LA Housing Department or in ZIMAS before you rely on any assumption for pricing or notices.
How many units does 523 S Westmoreland Ave have?
County records list 56 units at 523 S Westmoreland Ave, classified as 5+ units across 30,280 square feet of building area, averaging about 541 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When did 523 S Westmoreland Ave last sell, and for how much?
The last recorded transfer was December 2021, at an estimated $11,524,999, about $205,804 per unit. That price is estimated from the Proposition 13 reassessment recorded at sale, not a verified closing price, so treat it as a close approximation rather than a confirmed figure.
What is 523 S Westmoreland Ave assessed at, and is that what it is worth?
The current assessed value is $12,230,421 ($10,267,187 land, $1,963,234 improvements). Assessed value is not market value. Under Proposition 13 it resets only on a change of ownership and then climbs about 2% a year, so a long-held building is often assessed far below what it would trade for.
What is the Koreatown apartment market doing?
523 S Westmoreland Ave sits in Koreatown, in Los Angeles. Recorded sale counts, median price per unit, median price per square foot, and the share of rent-control-era stock for the submarket are published and updated as the county roll refreshes. See the Koreatown market page for the current figures rather than a number quoted here.
How do I find out what 523 S Westmoreland Ave would sell for today?
Public records give you the frame, units, size, age, assessed value, and when it last traded, but pricing needs in-place rents, expenses, and the condition of the units, none of which appear in county data. A broker valuation puts closed comps and a rent survey against the actual rent roll. Shaya Lowenstein does that free for LA multifamily owners, typically within 48 hours, with no obligation to list.
Leave an email and I'll come back with what it is worth and whether the owner is likely to trade. It does not have to be for sale, and it does not have to be my listing.
This form saves what you type as you go, so you can come back to it.
Own this building?
FREE, CONFIDENTIAL VALUATION FROM CLOSED COMPS. 48H TURNAROUND.
NOT SELLING? GET DEALS LIKE THIS FIRST →