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  • 502 S Westlake Avenue

502 S Westlake Avenue, Los Angeles, CA 90057

$2,800,000 Approx. USD 2 beds, 28 baths
13,539 sqft
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St. James + Canter

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Cristie St. James REALTOR® - Broker Associate 310-291-1029 m
310-777-2888 o
Lic#: 00949711
NRDS ID: 175502141
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Lic#: 00949711
NRDS ID: 175502141
cristie@stjamescanter.com Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
Phone: 310-777-7800
Fax: 310-858-1295
 Beverly Hills 131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
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Sean Rosenzweig | thesrgroup@marcusmillichap.com
Lic#: 01406343
Broker: Courtesy of Marcus & Millichap
Phone: 213-943-1897

Agent Remarks

**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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26671293
Price: $2,800,000
Beds: 2
Baths: 28
Built in 1922
13,539 sqft
0.20 acres
Lot size: 0.1977
County: Los Angeles
Zoning: LAR4
Parking description: None
MLS area: C42 - Downtown L.A.

Last Updated: 5/28/2026

 Days On Market (DOM): 79

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.059462, -118.272827.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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