502 S Westlake Avenue, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
502 S Westlake Avenue,Los Angeles, CA 90057
$2,800,000
  • 2 Beds
  • 28 Baths
  • 13,539 sq. ft.
  • Multi-family
  • Active
Listed by: sean rosenzweig
Office: marcus & millichap
MLS#:26671293
Source:CRMLS

Price summary

  • Price:$2,800,000
  • Price per sq. ft.:$206.81

About this home

**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.

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Home facts

  • Year built:1922
  • Listing ID #:26671293
  • Added:2 day(s) ago
  • Updated:April 01, 2026 at 05:43 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:28
  • Living area:13,539 sq. ft.

Structure and exterior

  • Year built:1922
  • Building area:13,539 sq. ft.
  • Lot area:0.2 Acres

Finances and disclosures

  • Price:$2,800,000
  • Price per sq. ft.:$206.81
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