- 1 Bed
- 2 Baths
- 13,539 Sqft
- .2 Acres
502 S Westlake Avenue
**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.
Essential Information
- MLS® #26671293
- Price$2,800,000
- Bedrooms1
- Bathrooms2.00
- Square Footage13,539
- Acres0.20
- Year Built1922
- TypeResidential Income
- StatusActive
Community Information
- Address502 S Westlake Avenue
- AreaC42 - Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90057
Amenities
- ParkingNone
- GaragesNone
Interior
- # of Stories3
- StoriesThree Or More
Additional Information
- Date ListedMarch 30th, 2026
- Days on Market42
- ZoningLAR4
Listing Details
- AgentSean Rosenzweig
- OfficeMarcus & Millichap
Sean Rosenzweig, Marcus & Millichap.
Based on information from California Regional Multiple Listing Service, Inc. as of May 11th, 2026 at 1:50am PDT. 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.