About 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.
Features of 502 S Westlake Avenue
| MLS® # | 26671293 |
|---|---|
| Price | $2,800,000 |
| Bedrooms | 1 |
| Bathrooms | 2.00 |
| Square Footage | 13,539 |
| Acres | 0.20 |
| Year Built | 1922 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 502 S Westlake Avenue |
|---|---|
| Area | C42 - Downtown L.A. |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90057 |
Amenities
| Parking | None |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 3 |
| Stories | Three Or More |
Additional Information
| Date Listed | March 30th, 2026 |
|---|---|
| Days on Market | 165 |
| Zoning | LAR4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Sean Rosenzweig |
|---|---|
| Office | Marcus & Millichap |