Search
1715 Westmoreland Blvd, Los Angeles, CA 90006
Image 2 for 1715 Westmoreland Blvd, Los Angeles, CA 90006
Image 3 for 1715 Westmoreland Blvd, Los Angeles, CA 90006
View Photos

1715 Westmoreland Blvd Los Angeles, CA 90006

$3,265,000 Sold Price as of 07/18/2023
  • 14 Beds
  • 11 Baths
  • 7,028 Sq.Ft.
Sold
$3,265,000 Sold Price as of 07/18/2023 Refinance Your Mortgage
Map preview of 1715 Westmoreland Blvd, Los Angeles, CA 90006

Property Overview: 1715 Westmoreland Blvd Los Angeles, CA has 14 bedrooms, 11 bathrooms, 7,028 living square feet and 10,083 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present Westmoreland Apartments, a 1986 constructed multi-family property located in the Harvard Heights section of Los Angeles. Located at 1715 Westmoreland Blvd, this well maintained property is comprised of one x single/three-quarter bath, six x one bedroom/one bath, and four x two bedroom/one bath apartments. It appears the single unit may have been an office at one time and was converted to an apartment without permit. The property is subject to AB 1482 but not subject to the city of Los Angeles Rental Stabilization Ordinance. For 2022, AB 1482 allowed for 10% rent increases. There are four section 8 tenants. Each unit has its own water heater. The property has been under the same ownership for over ten years. The property was recently painted and the driveway was repaved. The current loan on the property is assumable and has a very attractive below market rate of 3.65%. The loan is fixed until April, 2026 at which time it becomes adjustable. With the assumption, the property generates significant cashflow starting on day one of ownership. Please download the OM for more specific details, and contact listing agent for more information. Please do not walk on property, tenants are not aware of sale.

Listed by Robert Leveen | BRE #01476685 | Robert Leveen
Last checked: 13 minutes ago | Last updated: July 19th, 2023 | Source CRMLS | DOM: 50

Home details

Lot Sq. Ft
10,083
HOA Dues
$0/mo
Year built
1986
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23251007
City
Los Angeles
County
Los Angeles
Time on Site
430 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,975
  • Total Rent: $7,900
  • Pro Forma/Market Rent: $8,600
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,755
  • Total Rent: $10,530
  • Pro Forma/Market Rent: $12,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.11%
  • Gross Rent Multiplier: 14.51
  • Gross Scheduled Income: --
  • Net Operating Income: $139,582
  • Gross Operating Income: $229,014
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1715 Westmoreland Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 15
  • Has Parking
  • Parking Features: Gated
Property Information
  • Total # of Units: 11
  • Parcel Number: 5074017014
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: 2 blocks east of Western between Venice Blvd and Washington Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 1715 Westmoreland Blvd

Last sold for $3,265,000 on July 18th, 2023

  • July, 2023

  • Jul 18, 2023

    Date

    Sold

    CRMLS: 23251007

    $3,265,000

    Price

  • Mar 14, 2023

    Date

    Active

    CRMLS: 23251007

    $3,400,000

    Price

  • August, 2012

  • Aug 30, 2012

    Date

    Sold (Public Records)

    Public Records

    $960,000

    Price

  • November, 2003

  • Nov 6, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1715 Westmoreland Blvd

Assessed Value (2020): $300,758
Year Land Value Improved Value Assessed Value
2020 $240,607 $60,151 $300,758

Home Value Compared to the Market

This property vs the competition

1715 Westmoreland Blvd sold on July 18, 2023 for 185.71% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $483.78 per/sqft which puts the price per square foot 35.92% lower than the current median sale per square foot for the city of Los Angeles.

About 1715 Westmoreland Blvd

Detailed summary of property

1715 Westmoreland Blvd is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 14 bedrooms, 11 bathrooms, roughly 7,028 living square feet, and sits on an approximately 10,083 square foot lot. 1715 Westmoreland Blvd was first listed on ArdentRealEstateGroup.com on March 16, 2023. The homeowner sold the property for $3,265,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 185.71% higher than the current median priced home. Local homes that are currently for sale include 743 S Berendo St, 1144 Elden Ave and 2951 Francis Ave. While the average home in Los Angeles, CA is selling in 92 days, 1715 Westmoreland Blvd has a days on market of 50 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1715 Westmoreland Blvd Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1715 Westmoreland Blvd

Public county record property details
Beds
12
Baths
11
Year built
1986
Sq. Ft.
7,028
Lot Size
10,082
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22,23
APN
5074-017-014

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$602
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
38
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1715 Westmoreland Blvd

Nearby Homes for Sale

2176 S Venice Blvd, Los Angeles, CA 90006
$3,650,000
14 Beds
17 Baths
9311 Sq.Ft.
2176 S Venice Blvd
Los Angeles, CA 90006
1930 S Oxford Ave, Los Angeles, CA 90018
$2,895,000
0 Beds
18 Baths
3102 Sq.Ft.
1930 S Oxford Ave
Los Angeles, CA 90018
1511 S Manhattan Pl, Los Angeles, CA 90019
$3,050,000
18 Beds
12 Baths
8700 Sq.Ft.
1511 S Manhattan Pl
Los Angeles, CA 90019
1415 S St Andrews Pl, Los Angeles, CA 90019
$2,799,000
12 Beds
10 Baths
9268 Sq.Ft.
1415 S St Andrews Pl
Los Angeles, CA 90019
1532 S Wilton Pl, Los Angeles, CA 90019
$3,075,000
32 Beds
16 Baths
9916 Sq.Ft.
1532 S Wilton Pl
Los Angeles, CA 90019
2610 Kenwood Ave, Los Angeles, CA 90007
$3,895,000
12 Beds
12 Baths
7012 Sq.Ft.
2610 Kenwood Ave
Los Angeles, CA 90007
1243 S Catalina St, Los Angeles, CA 90006
$2,950,000
14 Beds
14 Baths
6166 Sq.Ft.
1243 S Catalina St
Los Angeles, CA 90006
1731 S New Hampshire Ave, Los Angeles, CA 90006
$2,695,000
16 Beds
15 Baths
5935 Sq.Ft.
1731 S New Hampshire Ave
Los Angeles, CA 90006
1145 S New Hampshire Ave, Los Angeles, CA 90006
$2,699,000
4 Beds
12 Baths
6710 Sq.Ft.
1145 S New Hampshire Ave
Los Angeles, CA 90006
2203 4th Ave, Los Angeles, CA 90018
$2,925,000
12 Beds
8 Baths
8104 Sq.Ft.
2203 4th Ave
Los Angeles, CA 90018
1470 W Adams Blvd, Los Angeles, CA 90007
$2,899,900
12 Beds
8 Baths
4313 Sq.Ft.
1470 W Adams Blvd
Los Angeles, CA 90007
1146 S Elden Ave, Los Angeles, CA 90006
$2,880,000
14 Beds
11 Baths
12306 Sq.Ft.
1146 S Elden Ave
Los Angeles, CA 90006

Recently Sold Homes Near 1715 Westmoreland Blvd

1751 Westmoreland Blvd, Los Angeles, CA 90006
$2,450,000 Last Sold Price
24 Beds
12 Baths
9888 Sq.Ft.
1751 Westmoreland Blvd
Los Angeles, CA 90006
1735 S Hobart Blvd, Los Angeles, CA 90006
$880,000 Last Sold Price
4 Beds
2 Baths
1822 Sq.Ft.
1735 S Hobart Blvd
Los Angeles, CA 90006
1639 S Hobart Blvd, Los Angeles, CA 90006
$2,285,000 Last Sold Price
16 Beds
14 Baths
8640 Sq.Ft.
1639 S Hobart Blvd
Los Angeles, CA 90006
1707 S Harvard Blvd, Los Angeles, CA 90006
$840,000 Last Sold Price
5 Beds
6 Baths
-- Sq.Ft.
1707 S Harvard Blvd
Los Angeles, CA 90006

Related Resources to 1715 Westmoreland Blvd

New Listings in 90006
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Refi Quote