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502 S Westlake AvenueLos Angeles, CA 90057

For Sale

$2,950,000

Smart Buyer Rebate $29,500

Price adjustment, motivated seller - investment opportunity in the heart of Los Angeles, Westlake area. 1920s Art Deco apartment building featuring 28 units- mix of 26 studio + one bath and 2 one bedroom + one bath units. Close proximity to USC, LA Live, Staples Center, Koreatown, Dodger Stadium, and public transportation.

Listed by Avi Barazani

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License #01004601

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Coldwell Banker Realty

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abarazani@ymail.com

Last updated December 04, 2025

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Source: CRMLS #SR25262928

Listing Facts

  • TypeMulti-family
  • NeighborhoodWestlake South
  • Days on Prevu22

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

12/05/2025
Price Decreased
$2,950,000
11/19/2025
Listed by Coldwell Banker Realty
$3,200,000

Property Details for 502 S Westlake Avenue

Association

Amenities

  • Community Features: Sidewalks

Exterior

Construction

  • Number Of Units Total: 28
  • Property Attached: Yes
  • Stories Total: 3
  • Year Built: 1922
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Entry Location: Front

Measurements

  • Building Area Total: 13,539
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.19
  • Lot Size Area: 8,611
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8,611
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Gross Income: $375,684.00
  • Operating Expense: $274,596.00

Taxes

  • Parcel Number: 5154026020

Other

Location

  • Tax Lot: 83

Utilities

Equipment

  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is 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 18% above the average price for multi-family homes in Westlake South and has been on the market for 17 less days than the typical home in this area.

502 S Westlake Avenue is a -bedroom multi-family home for sale in Los Angeles CA 90057. Available on Prevu for 22 days at $2,950,000. This includes a recent price decrease of $250,000. This property is located in Los Angeles. The median listing price for multi-family homes in this area is $2,260,000. The home offers parking. 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.