502 S Westlake AVE, Los Angeles, CA 90057

$2,300,000

Est. payment /mo

$2,800,000

17.9%
Est.Price: ?

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502 S Westlake AVE Los Angeles, CA 90057

2 Beds

28 Baths

13,539 SqFt

SOLD DATE : 09/03/2026

Key Details

Sold Price $2,300,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 13,539 sqft

Price per Sqft $169

MLS Listing ID 26671293

Sold Date 09/03/26

Bedrooms 2

HOA Y/N No

Year Built 1922

Lot Size 8,611 Sqft

Property Description

**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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR4

Interior

Fireplace No

Exterior

Parking Features None

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5154026020

Special Listing Condition Standard

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Listed by Sean Rosenzweig Marcus & Millichap #01406343
Bought with Sean Rosenzweig Marcus & Millichap

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James Olvera

James Olvera

+1(909) 760-9091

Agent License ID: 02120214

Agent License ID: 02120214

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