1715 Westmoreland Ave Los Angeles, CA 90006
Well-maintained 11-unit apartment building in historic Harvard Heights neighborhood.
Building Details
- Year built
- 1986
Source:
Lee-associates
Listing Agent: Jamie Harrison
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Harvard Heights Eleven-Unit Multifamily Building
Located in the historic Harvard Heights neighborhood of Los Angeles, this well-maintained 11-unit apartment building was built in 1986. The property features a unit mix of 1 studio, 6 one-bedroom units, and 4 two-bedroom units, each with its own water heater. The property is subject to AB 1482 rent cap but not subject to the City of LA Rent Stabilization Ordinance. An on-site manager provides day-to-day oversight in exchange for a rent discount. Located in the Harvard Heights Historic Preservation Zone (HPOZ), the neighborhood contains restored Craftsman and Victorian-era homes. The street includes the private library of Ray Charles. The property is located minutes from Koreatown and approximately 3 miles from Downtown LA, with quick access to I-10 and local transit. Four Section 8 tenants add consistent, government-backed income. Harvard Heights is a densely populated, mixed-income neighborhood in Central Los Angeles. It is bordered to the north by Koreatown and lies approximately 2 miles from Downtown Los Angeles and entertainment venues like the Staples Center, Microsoft Theater, L.A. Live, and the L.A. Convention Center. Proximity to the 10 and 110 Freeways enables easy access to the Westside, LAX, Beach Cities, and harbors. The roof was replaced in 2024. An ADU has been recently completed. No soft story retrofit is required.
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.289915
- Latitude
- 34.042118
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FAQs
What type of property is this?
Apartment building - Well-maintained 11-unit apartment building in historic Harvard Heights neighborhood.
Where is this apartment building located?
The property is located at 1715 Westmoreland Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,180,000.
What are key features of this property?
This property features: - Not subject to the City of LA Rent Stabilization Ordinance (LARSO), offering more operational and rent growth flexibility.; - Prime location adjacent to Koreatown, with easy access to Downtown LA, I-10, and local transit.; - Well-maintained 11-unit building built in 1986 with a diverse unit mix (studio, 1-bed, and 2-bed units).
