502 South Westlake Avenue

Los Angeles CA 90057

13539 sq. ft.

8612 sq. ft.

Other

Last sold for $2,300,000

Sean Rosenzweig, last sold this property on 03 September 2026 after 429 days on market.

Overview

**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

2 bedrooms

28 bathrooms

13539 sq. ft. floor area

8612 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 2 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 502 South Westlake Avenue

2026

Sold

$2,300,000

03 Sep 2026 by Sean Rosenzweig, of Marcus & Millichap

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