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Back 1701 Westmoreland Boulevard
Off Market

1701 Westmoreland Boulevard

Los Angeles CA 90006

42
24
27
18922 sq. ft.
22193 sq. ft.
Other
Last sold for $3,390,000
Neema AhadianNeema Ahadian, last sold this property on 29 July 2025 after 110 days on market.

Overview

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.

Features

42 bedrooms
24 bathrooms
27 carspaces
18922 sq. ft. floor area
22193 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar 42 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 1701 Westmoreland Boulevard

2025
Sold
$3,390,000
29 Jul 2025 by Neema Ahadian, of Marcus & Millichap

Happy sellers in Los Angeles

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Local market activity for 42 bedroom other properties in Los Angeles

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