502 S Westlake Avenue, Los Angeles, CA 90057
List Price: $2.8M
Listing Status: Active
0Days on Market: 91
2 Bedrooms · 28 Bathrooms · 13,539 sq ft
Property Type: ResidentialIncome
Year Built: 1922
Lot Size: 8,612 sq ft
MLS Number: 26671293
About This Property
**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 provided by: Sean Rosenzweig DRE #01406343 310-909-5500 thesrgroup@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 26671293
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.