$2,800,000

502 S Westlake Avenue, Los Angeles, CA 90057

  • 13,539 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1922
  • Property Lot Size Icon8,712sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $207/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

**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.

Listing Status:
Active
Date Added:
March 30, 2026
Data Last Updated:
April 2, 2026 at 4:06AM
Listing Office:
Marcus & Millichap : 310-909-5500
Listing Agent:
Sean Rosenzweig : 213-943-1897
MLS ID:
CL26671293
  • Parking: None
  • County: Los Angeles
  • Zoning: LAR45154026020

This listing courtesy of Sean Rosenzweig , Marcus & Millichap

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

Esperanza Elementary

680 Little St, Los Angeles, CA, 90017

Grades KG-5

0.32 miles away

J

John Liechty Middle School

650 S Union Ave, Los Angeles, CA, 90017

Grades 6-8

0.38 miles away

H

Harold Mcalister High (Opportunity)

611 S Carondelet St, Los Angeles, CA, 90057

Grades 6-12

0.43 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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