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2-Bedroom ResidentialIncome — 502 S Westlake Avenue, Los Angeles, CA

$2,800,000

502 S Westlake Avenue, Los Angeles, CA

$2,800,000 — 502 S Westlake Avenue, Los Angeles, CA — photo 1 $2,800,000 — 502 S Westlake Avenue, Los Angeles, CA — photo 2 $2,800,000 — 502 S Westlake Avenue, Los Angeles, CA — photo 3 $2,800,000 — 502 S Westlake Avenue, Los Angeles, CA — photo 4 $2,800,000 — 502 S Westlake Avenue, Los Angeles, CA — photo 5
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About this property

**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.

Property details

Bedrooms
2
Bathrooms
28
Square feet
13,539
Year built
1922
Property type
ResidentialIncome

Location

502 S Westlake Avenue • Los Angeles, CA 90057

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Listed by

Sean Rosenzweig · Marcus & Millichap

Listing courtesy of Marcus & Millichap. Information deemed reliable but not guaranteed.

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