1701 Westmoreland Boulevard, Los Angeles, CA 90006 - Berkshire Hathaway HomeServices California Properties
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1701 Westmoreland Boulevard, Los Angeles, CA 90006

$3,800,000 Approx. USD 42 beds, 24 baths
18,922 sqft
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Listing Agent


Neema Ahadian | neema@marcusmillichap.com
Lic#: 01346750
Broker: Courtesy of Marcus & Millichap

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25523161
Price: $3,800,000
Beds: 42
Baths: 24
Built in 1968
18,922 sqft
0.51 acres
Lot size: 0.5095
County: Los Angeles
Zoning: LAR2
Parking description: Gated
Heating/cooling: None
Heating description: None
MLS area: C16 - Mid Los Angeles

Last Updated: 4/9/2025

 Days On Market (DOM): 57

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This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.042494, -118.306911.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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