502 S Westlake Avenue Los Angeles, CA ^$ 2,800,000

502 S Westlake Avenue

^$ 2,800,000

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Recently Listed

502 S Westlake Avenue

Los Angeles, CA, 90057

^$ 2,800,000

Bedrooms2 Baths26.0 Sq 13,539

Monthly Estimate*

^$ 17,240

Listed by Marcus & Millichap

502 S Westlake Avenue, Los Angeles, CA 90057 - Image 1

502 S Westlake Avenue, Los Angeles, CA 90057 - Image 2

502 S Westlake Avenue, Los Angeles, CA 90057 - Image 3

502 S Westlake Avenue, Los Angeles, CA 90057 - Image 4

502 S Westlake Avenue, Los Angeles, CA 90057 - Image 5

502 S Westlake Avenue, Los Angeles, CA 90057 - Image 6

502 S Westlake Avenue, Los Angeles, CA 90057 - Image 7

502 S Westlake Avenue, Los Angeles, CA 90057 - Image 8

Multi-Family Home for sale in Los Angeles, CA

for $2,800,000 with 2 bedrooms and 26 full baths. This 13,539 square foot home was built in 1922 on a lot size of 0.1977.

**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.

Multi-Family Active

Price

^$ 2,800,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1977

Year Built

1922

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

26671293

Days on Market

Features

General

Living Area 13539

Zoning LAR4

Year Built 1922

Levels Three Or More

Gross Income 394116

County Los Angeles

Net Operating Income 189514

New Construction false

Property Type Residential Income

HOA false

Full Baths 0

Special Listing Conditions Standard

Status Active

Directions East of Alvarado Street & North of 6th Street

City Los Angeles

Senior Community Y/N false

Number Of Units Total 28

MLS Area C42 - Downtown L.A.

Lot Size Units Square Feet

Lot Size Square Feet 8612

Standard Status Active

Year Built Source Assessor

Cap Rate 6.77

Interior

Total Stories 3

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 2

Total Baths 28

Exterior

Parking Features None

Total Parking 0

Lot Size Area 8612

Number of Buildings 1

Building Area Total 13539

Lot Size Acres 0.1977

Lot Size Source Assessor

* Excluded Features

List By

Marcus & Millichap

Broker

thesrgroup@marcusmillichap.com

Affordability Calculator

$17,240

Per Month

Monthly Principal & Interest: $17,240
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,837,781

Percent of Sale Price 34%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
3/30/2026	$2,800,000		Listed Price

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502 S Westlake Avenue, Los Angeles, CA, 90057 is a Multi-Family Home for sale at $2,800,000 with 13,539 sqft and a lot size of 0.1977. 502 S Westlake Avenue has 2 bedrooms, 26.0 baths, and was built in 1922. The property's zip code is 90057 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 3/31/2026. 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.

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502 S Westlake Avenue

Multi-Family Home for sale in Los Angeles, CA

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