1715 Westmoreland Blvd - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$3,180,000 USD
213-400-0654
1715 Westmoreland Blvd, Los Angeles, CA for Sale
$3,180,000 USD
Apartments - FOR SALE
1/21
null | 5.51% Cap Rate

1715 Westmoreland Blvd
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • Replaced Roof 2024
  • Not Subject to Los Angeles Rent Control
  • Recently Completed ADU
  • No Soft Story Retrofit Required
  • High Demand, Low Vacancy Neighborhood

OVERVIEW

PRICE IMPROVEMENT! MOTIVATED SELLER! NO LA RSO; BUILT 1986 - Lee & Associates Pasadena is proud to offer 1715 Westmoreland Ave, a well-maintained 11-unit apartment building located in the historic Harvard Heights neighborhood of Los Angeles just steps from Koreatown. Built in 1986, this charming property blends classic neighborhood character with the ease of modern, low-maintenance ownership. Priced at $3,180,000 at a 5.5% Cap Rate, 11.56 GRM, and $175,094 NOI. The diverse unit mix of 4 two-bedroom, 6 one-bedroom, and 1 studio units is complemented by recent capital improvements including a new roof 2024 and newly constructed ADU 2025.

FOR SALE DETAILS

PRICE

$3,180,000 USD

PRICE/SF

$315 USD /SF

# OF UNITS

11

PRICE/UNIT

$289,091

CAP RATE

5.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MAJOR $400k PRICE REDUCTION! MOTIVATED SELLER

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

LA R2

APN/PARCEL ID

5074-017-014

ASK ABOUT THIS PROPERTY

Gregory KhoLee & AssociatesMore Info
213-400-0654

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Gregory KhoLee & AssociatesMore Info
213-400-0654

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.