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$2,950,000

  • For Sale
  • Active
  • Multi-Family
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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.

Full Property Details for 502 S Westlake Ave

General

  • Price: $2,950,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SR25262928
  • Updated: 12/4/2025
  • Days on Market: 60 days
  • Added to Site: 60 day(s) ago

Rooms

Other Rooms

  • Laundry: Community

Additional Information

  • Pool Description: None

Location

  • Area: C42 - Downtown L.A.
  • County: Los Angeles
  • Development Name: C42 - Downtown L.A.
  • Driving Directions: On Westlake north of 6th St.

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Electric Meters: 28

Structural Information

  • Entry Location: Front
  • Stories/Levels: Three Or More
  • Stories Description: Three Or More
  • Square Feet: 13,539
  • Year Built: 1922

Unit Information

Unit 1

  • Number of Units: 26
  • Total Bathrooms: 1

Unit 2

  • Number of Units: 2
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.1977
  • Lot Size (Sq. Ft.): 8,611
  • Lot Size Source: Assessor
  • Lot Description: Lot 6500-9999

Financial Considerations

  • Price Per Sq. Ft.: $217.89
  • Price Per Unit: 105357
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 502 S Westlake Ave —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 502 S Westlake Ave

School District:Los Angeles Unified School District
NameGradesDistance
Esperanza Elementary School, Los Angeles, CA
680 Little Street, Los Angeles, CA 90017
K-50.3 mi
John H. Liechty Middle School
650 South Union Avenue, Los Angeles, CA 90017
7-80.4 mi
Belmont Senior High School
1575 West 2nd Street, Los Angeles, CA 90026
9-120.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 502 S Westlake Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/04/2025
Price Reduced
$2,950,000
-7.81%
MLS
11/19/2025
Listed
$3,200,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 502 S Westlake Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$27,894
2%
$2,161,513
2%
2024
$27,464
2%
$2,119,260
2%
2023
$26,964
5%
$2,077,835
2%
2022
$25,773
1%
$2,037,222
2%
2021
$25,398
-1%
$1,997,405
1%
2020
$25,638
4%
$1,976,992
2%
2019
$24,675
1%
$1,931,830
2%
2018
$24,526
3%
$1,893,952
2%
2017
$23,895
3%
$1,856,817
2%
2016
$23,236
1%
$1,820,410
2%
2015
$22,913
-1%
$1,793,067
2%
2014
$23,166
182%
$1,757,945
232%
2013
$8,214
—
$529,034
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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502 S Westlake Avenue, Los Angeles, CA 90057 (MLS# SR25262928) is a Multi-Family property with 28 units containing 0 bedrooms and 0 full bathrooms. 502 S Westlake Avenue is currently listed for $2,950,000 and was received on November 19, 2025. This property is listed by Avi Barazani from our Studio City Office.Want to learn more about 502 S Westlake Avenue? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

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