1111 S. Westmoreland Avenue | Los Angeles, CA 90006

62 UNIT APARTMENT COMPLEX – 1111 S. Westmoreland Avenue | Los Angeles, CA 90006

Investment Highlights

Trustee Sale
62 unit Apartment complex with Semi Subterranean garage
Spacious Open courtyard
Parking spaces – 1 per unit
Laundry Facilities
Elevator-Renovated last year
Utilities included in rents – water, sewer and trash
Easy access to Downtown
Minutes from downtown Los Angeles
Gated Access & Manager on site
Low Vacancy
Building Subject to RSO
Rents Below Market
Apartment Features Include: Air Conditioning, Heating, Disposal,
Individual Meters & Appliances
New Roof

Excellent Location

Located in Harvard Heights, Koreatown, Los Angeles near Downtown. There are three shopping centers within 0.3 mile of the property. Five parks are within 3.0 miles, including MacArthur Park Lake, Natural History Museum of LA County, and Vista Hermosa Natural Park.

Strong Unit Mix

Eleven Eleven features (8) studios, (-) 1+1 units and (-) 2+1 units, carpet or laminate flooring, appliances, air conditioning, and balconies in select units. Floor plans average 814 square feet.

Complex Amenities

Elevator, central courtyard, secured entry, and gated semi subterranean parking with 62 spaces. Individual metered units. On site manager.

Secure Investment Opportunity

The Rent Stabilization Ordinance ensures a stable and secure cash flow and strong upside potential. Rental upside possible through strategic renovations of units and operational efficiencies.

Population

High population density-over 600,000 people in 3-mile radius.

	1 mile	3 miles
Population	106,516	616,561
Household	40,087	239,685
Median Age	36.80	36.90
Median HH Income	$39,305	$49,924
Daytime Employees	52,607	370,977
Population Growth '24 - '29	-1.69%	-2.55%
Household Growth '24 - '29	-1.61%	-2.47%

Enterprise Zone

The property is located in a State Enterprise Zone: Los Angeles and Transit Priory Area in the City of Los Angeles.

Shopping Centers	Walk	Distance
Two Guys Plaza	3 min	0.2 mi
Show Gun Plaza	5 min	0.3 mi
Na Sung Plaza	6 min	0.3 mi

Eleven Eleven Apartment has 3 shopping centers within 0.3 mile, which is about a 6 minute walk. The miles and minutes will be for the farthest away property.