502 S Westlake Avenue
Property 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.
Home Details
- Property type
- Residential Income
- Year built
- 1922
- Living area
- 13,539 sq ft
- Lot size
- 8,612 sq ft
- Stories
- 3
- Days on market
- 91
- MLS status
- Active
- Zoning
- LAR4
Features & Amenities
Parking
- None
Location & Neighborhood
Frequently Asked Questions About 502 S Westlake Avenue
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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