502 S Westlake AV
Los Angeles, CA, 90057
$2,800,000
2 Beds
28 Baths
13,539 SqFt
0.2 Acres
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MLS #26671293 image #0
**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

Price:
$2,800,000
MLS #:
26671293
Status:
Active
Beds:
2
Baths:
28
Type:
Single Family
Neighborhood:
c42downtownla
Listed Date:
Mar 30, 2026
Finished Sq Ft:
13,539
Total Sq Ft:
13,539
Lot Size:
8,612 sqft / 0.20 acres (approx)
Year Built:
1922
C42 – Downtown L.a.C42downtownla

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Schools

Interior

Levels
C

Exterior

Financial

Gross Operating Income
$383,612
Net Operating Income
$189,514

Map

Community

Subdivisions in Los Angeles

Market Summary

Current real estate data for Single Family in Los Angeles as of Apr 27, 2026
9,488
Single Family Listed
87
Avg DOM
500
Avg $ / SqFt
$1,496,335
Avg List Price

Property Summary

    502 S Westlake AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90057. It is listed for $2,800,000 and features 2 beds, 28 baths, and has approximately 13,539 square feet of living space, and was originally constructed in 1922. The current price per square foot is $207. The average price per square foot for Single Family listings in Los Angeles is $500. The average listing price for Single Family in Los Angeles is $1,496,335.

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broker reciprocity Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.
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502 S Westlake AV
Los Angeles, CA