Properties

Los Angeles, CA 90057 502 S Westlake Avenue

502 S Westlake Avenue Los Angeles, CA - Image 1502 S Westlake Avenue Los Angeles, CA - Image 2502 S Westlake Avenue Los Angeles, CA - Image 3
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502 S Westlake Avenue Los Angeles, CA - Image 4502 S Westlake Avenue Los Angeles, CA - Image 5502 S Westlake Avenue Los Angeles, CA - Image 6502 S Westlake Avenue Los Angeles, CA - Image 7
Presented By: Sean Rosenzweig with Marcus & Millichap;
  • MLS# 26671293
  • 03/30/2026
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  • Beds • 2
  • Baths • 26
  • SQFT • 13,539

Home Details

**INDIVIDUALLY METERED:** Tenants pay their own electricity, reducing owner operating expenses.**CLOSE PROXIMITY TO 2028 OLYMPIC VENUES:** Located in close proximity to major venues in the "Downtown Sports Park" for the 2028 Summer Olympics in Los Angeles. Venues include the LA Coliseum, Crypto.com Arena, & BMO Stadium.**UNIQUE CHARACTER ASSET:** Distinctive architectural character with timeless appeal.**ATTRACTIVE BASIS:** Priced at $100,000/unit with a 7.10 GRM, offering investors a compelling entry point.**VALUE-ADD POTENTIAL:** 22% rental upside remaining through interior renovations.**LONG TERM OWNERSHIP:** Same ownership for 20+ years a rare acquisition opportunity.**DENSE INFILL LOCATION CENTRAL TO ENTERTAINMENT AND NIGHTLIFE:** Situated near Koreatown and Downtown Los Angeles, offering renters convenient access to entertainment and nightlife.
Presented By: Sean Rosenzweig with Marcus & Millichap;

Interior Features for 502 S Westlake Avenue

Bedrooms

Total Bedrooms2

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths28

Other Interior Features

LivingAreaSourceAssessor
Total Stories3

General for 502 S Westlake Avenue

Cap Rate6.77
CityLos Angeles
CountyLos Angeles
DirectionsEast of Alvarado Street & North of 6th Street
Full Baths
Gross Income394116
HOANo
LevelsThree Or More
Living Area13539
Lot Size Square Feet8612
Lot Size UnitsSquare Feet
MLS AreaC42 - Downtown L.A.
Net Operating Income189514
New ConstructionNo
Number Of Units Total28
PostalCityLOS ANGELES
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1922
Year Built SourceAssessor
ZoningLAR4

Exterior for 502 S Westlake Avenue

Building Area Total13539
Lot Size Acres0.1977
Lot Size Area8612
Lot Size SourceAssessor
Number of Buildings1
Parking FeaturesNone
Total Parking0

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,800,000
MLS#26671293
List Date 03/30/2026
Property Type Multi-Family
Phone 888.795.6274
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