CA > Los Angeles
Los Angeles, CA 90006,1701 Westmoreland BLVD
Los Angeles, CA 90006,1701 Westmoreland BLVD
Los Angeles, CA 90006,1701 Westmoreland BLVD
Los Angeles, CA 90006,1701 Westmoreland BLVD
Los Angeles, CA 90006,1701 Westmoreland BLVD
Los Angeles, CA 90006,1701 Westmoreland BLVD
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Delcie Pecoraro

Delcie Pecoraro

Delcie Pecoraro

+1(619) 791-3136
$ 3,800,000
Est. payment | /mo

42 Beds

24 Baths

18,922 SqFt

Save
$ 3,800,000
Est. payment | /mo
Save

42 Beds

24 Baths

18,922 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 18,922 sqft

Price per Sqft $200

MLS Listing ID 25523161

Bedrooms 42

HOA Y/N No

Year Built 1968

Lot Size 0.509 Acres

Property Description

We are pleased to present 1701 Westmoreland Blvd, a 24-unit value-add investment opportunity in the Harvard Heights neighborhood of Los Angeles. The subject property was originally a HUD Project-Based Section 8 property and was opted out of the HUD program in October2011. Ideally positioned between Venice Blvd and W Washington Blvd, the property is just minutes from Downtown Los Angeles and Koreatown, with convenient access to the10 Freeway. Harvard Heights is a densely populated neighborhood known for its historic architecture and strong rental demand, making this an attractive opportunity for investors seeking upside potential in a prime central location.The property features a desirable unit mix of six one-bedroom and 18 two-bedroom units, along with 27 parking spaces. Current rents are significantly below market, offering over 79% rental upside. The property is well positioned for a Naturally Occurring Affordable Housing (NOAH) conversion, as 50% of the current tenants are voucher holders, while the remaining units rent for below approximately 80% of the area's median income (AMI). This favorable rent structure enhances the property's long-term stability and appeals to both value-add and mission-driven affordable housing operators. Residents benefit from a high walk score of 88, with convenient access to public transportation just two blocks away on S Western Ave, as well as proximity to major retailers, Loyola High School, other neighborhood amenities and major employment hubs.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features Gated

Total Parking Spaces 27

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5074017022

Special Listing Condition Standard

CRMLS – RECore
Listed by Neema Ahadian Marcus & Millichap
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 791-3136

realtordelcie@gmail.com

330 Town Center parkway, 3110, Santee, California, 92071, USA

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1701 Westmoreland BLVD