502 S Westlake Avenue
Los Angeles, CA 90057
2
Bed
0
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 Bedrooms: 2Bathroom Information
Total Baths: 28 Full Baths: 0 Half Baths: 0
-
Building Information
Year Built: 1922 Building Area Total: 13,539
-
Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1977 -
Lot Size Source: Assessor Lot Size Square Feet: 8612
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Listing Price Information
Original List Price: 2,800,000 Listing Contract Date: 2026-03-30 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 5154026020
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Garage and Parking
Garage Description: NoneHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: C42 - Downtown L.A. Directions: East of Alvarado Street & North of 6th Street Zoning: LAR4 Source Property Type: Residential Income Area: C42 - Downtown L.A. -
Building and Construction
Property Age: 104 Year Built Source: Assessor Total Square Feet Living: 13539 Levels or Stories: Three Or More
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 | $4,200,000 | 18 | -- | 6,874 | 6,874 SqFt |
| 136 S Westlake Avenue, Los Angeles, CA, 90057 | $1,850,000 | -- | -- | 10,040 | 10,040 SqFt |
| 127 S Westlake Avenue, Los Angeles, CA, 90057 | $895,000 | 4 | 1 | 2,270 | 2,270 SqFt |
| 272 S Burlington, Los Angeles, CA, 90057 | $925,000 | -- | -- | 2,778 | 2,778 SqFt |
| 272 S Burlington, Los Angeles, CA, 90057 | $925,000 | 2 | -- | 2,778 | 2,778 SqFt |
| 229 S Westlake Avenue, Los Angeles, CA, 90057 | $1,895,000 | -- | -- | 6,150 | 6,150 SqFt |
| 1803 Maryland Street, Los Angeles, CA, 90057 | $1,249,000 | 6 | -- | 4,083 | 4,083 SqFt |
| 107 S Rampart Boulevard, Los Angeles, CA, 90057 | $998,888 | 5 | 2 | 2,248 | 2,248 SqFt |
| 2731 Beverly Boulevard, Los Angeles, CA, 90057 | $8,895,000 | 66 | -- | 24,795 | 24,795 SqFt |
| 314 S Coronado Street, Los Angeles, CA, 90057 | $1,100,000 | 4 | -- | 2,340 | 2,340 SqFt |
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ByOwner last updated this listing 06/22/2026 @ 12:45
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