Prevu by reAlpha
BuySellBlogBrowse Listings

502 S Westlake AvenueLos Angeles, CA 90057

For Sale

$2,800,000

Smart Buyer Rebate $28,000

**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.

Listed by Sean Rosenzweig

·

License #01406343

·

Marcus & Millichap

·

213-943-1897

Last updated April 07, 2026

·

Source: CRMLS #26671293

Listing Facts

  • TypeMulti-family
  • NeighborhoodWestlake South
  • Bedrooms2
  • Days on Prevu32
  • Size13,539 sqft
  • Price per sqft$207

Location

Mortgage Calculator

Listing History

03/30/2026
Listed by Marcus & Millichap
$2,800,000

Property Details for 502 S Westlake Avenue

Exterior

Construction

  • Number Of Units Total: 28
  • Stories Total: 3
  • Year Built: 1922

Measurements

  • Building Area Total: 13,539
  • Lot Size Acres: 0.19
  • Lot Size Area: 8,612
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8,612
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.77
  • Gross Income: $394,116.00

Taxes

  • Parcel Number: 5154026020

Interior

Measurements

  • Living Area: 13,539
  • Living Area Source: Assessor

Rooms

  • Bathrooms Total Integer: 28
  • Bedrooms Total: 2

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 2 bedrooms in this multi-family home at 502 S Westlake Avenue.

How does 502 S Westlake Avenue compare to other multi-family homes in Westlake South?

This multi-family home is listed 12% above the average price for multi-family homes in Westlake South and has been on the market for 7 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 13,539 sqft.

502 S Westlake Avenue is a 2-bedroom multi-family home for sale in Los Angeles CA 90057. On Prevu for 32 days at $2,800,000. This home features 13,539 square feet of living space, located in Los Angeles. The median listing price for multi-family homes in this area is $2,260,000. Browse more multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.