1701 Westmoreland Boulevard

Los Angeles, CA 90006

  • 42 Bed(s)
  • 0 Bath(s)
  • 18,922 Sqft
  • 22193
    Sqft(Lot)
$3,800,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49297884

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Property Details

  • Bedroom Information

    • Total Bedrooms : 42

    Bathroom Information

    • Total Baths: 24
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • None
    • Has Heating

  • Building Information

    • Year Built: 1968
    • Building Area Total: 18,922

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.5095
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 22193

  • Listing Price Information

    • Original List Price: 3,800,000
    • Listing Contract Date: 2025-03-14

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5074017022

  • Garage and Parking

    • Garage Description: Gated

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C16 - Mid Los Angeles
    • Directions: Just south of Venice Blvd
    • Zoning: LAR2
    • Source Property Type: Residential Income
    • Area: C16 - Mid Los Angeles

    Building and Construction

    • Property Age: 57
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 18922
    • Levels or Stories: Three Or More
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BuyOwner last updated this listing 04/21/2025 @ 12:08

  • MLS: 25523161
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 42 bedrooms which is for sale, it has 18,922 sqft, 22,193 sized lot, and 0 parking. are nearby neighborhoods.