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

502 South Westlake Avenue

^$ 2,800,000

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502 South Westlake Avenue

Los Angeles, CA, 90057

^$ 2,800,000

Studio Baths0.0 Sq 13,539

Monthly Estimate*

^$ 17,240

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

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

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

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

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

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

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

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

Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,800,000. This 13,539 square foot home was built in 1922 on a lot size of 0.2.

**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

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2

Year Built

1922

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0026671293

Features

General

Living Area 13539.0

Sewer None

Zoning LAR4

Year Built 1922

Levels Three or More

County Los Angeles

Net Operating Income 189514.0

New Construction No

Property Type C

HOA No

Status Active

City Los Angeles

Senior Community Y/N No

Lot Size Units Square Feet

Lot Size Square Feet 8612.0

Standard Status Active

Year Built Source Assessor

Exterior

Lot Size Area 8612.0

Pool Y/N? Yes

Building Area Total 13539.0

Lot Size Acres 0.2

Land Lease Type Fee

Interior

Total Stories 3

Total Baths 0

* Excluded Features

List By

Sean Rosenzweig

Listing Agent

Marcus & Millichap

Broker

Affordability Calculator

$17,240

Per Month

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

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Interest Rate

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Yearly Home Insurance

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 ^$1,885,032

Percent of Sale Price 33%

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/1/2026	$2,800,000		Listed Price

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502 South 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 0.2. 502 South Westlake Avenue is a studio with 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/7/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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502 South Westlake Avenue

Multi-Family Home for sale in Los Angeles, CA

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