1715 Westmoreland Ave Los Angeles, CA 90006

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.