502 S Westlake Avenue
Los Angeles, CA 90057
2
Bed
28
Bath
13,539Sqft
8,612Sqft(Lot)
**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, off
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 28
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Building Information
Year Built: 1922Building Area Total: 13539Private Pool: No
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Lot Information
Main Square Feet: 8612 Lot Size Acres: 0.1977 Lot Size Source: Assessor Lot Size Square Feet: 8,612
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Listing Price Information
Listing Price: $2800000
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Tax Information
Parcel Number: 5154026020
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Virtual Tour
Parking Information
None
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Location Information
Direction: East of Alvarado Street & North of 6th Street
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 161 S Burlington Avenue, Los Angeles, CA, 90057 | $4,050,000 | 18 | 14 | 6,874 | 8,286 Sqft |
| 1911 W 2nd Street, Los Angeles, CA, 90057 | $4,398,000 | 19 | 30 | 14,134 | 11,884 Sqft |
| 136 S Westlake Avenue, Los Angeles, CA, 90057 | $1,850,000 | -- | -- | 10,040 | 9,316 Sqft |
| 151 S Mountainview Avenue, Los Angeles, CA, 90057 | $2,395,000 | 10 | -- | 6,536 | 6,388 Sqft |
| 446 S Bonnie Brae Street, Los Angeles, CA, 90057 | $1,400,000 | 8 | 4 | 4,835 | 7,873 Sqft |
| 201 S Park View Street, Los Angeles, CA, 90057 | $1,897,966 | 13 | 8 | 5,128 | 7,509 Sqft |
| 120 S Coronado Street, Los Angeles, CA, 90057 | $2,150,000 | 12 | 16 | 10,522 | 17,303 Sqft |
| 107 S Rampart Boulevard, Los Angeles, CA, 90057 | $850,000 | 5 | 2 | 2,248 | 5,032 Sqft |
| 2731 Beverly Boulevard, Los Angeles, CA, 90057 | $8,895,000 | 66 | -- | 24,795 | 6,829 Sqft |
| 694 S Burlington Avenue, Los Angeles, CA, 90057 | $3,900,000 | -- | -- | 30,319 | 22,530 Sqft |
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ByOwner last updated this listing 09/09/2026 @ 02:11
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