SoldSep 3, 2026

Listed and Bought with Sean Rosenzweig from Marcus & Millichap

Source: Combined LA Westside Multiple Listing Service, Inc #26671293

502 South Westlake Avenue, Los Angeles, CA, 90057

$2,300,000

2
28
13539 sq. ft.
8612 sq. ft.

Other

•

30+ days on the market

Sold: Sep 3, 2026

What's around 502 South Westlake Avenue

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.

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