Date
Details
Price
Change
Source
3/30/2026
Listed
$2,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,800,000 Just Listed
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Property Description
**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.
Full Property Details
Full Property Details for 502 S Westlake Ave
General
- Price: $2,800,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 26671293
- Updated: 3/30/2026
- Added to Site: 5 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 28
Bedrooms
- Total Bedrooms: 2
Additional Information
- Other Features: None
Parking
- Garage Description: None
Location
- Area: Downtown L.A.
- County: Los Angeles
- Driving Directions: East of Alvarado Street & North of 6th Street
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Structural Information
- # Buildings: 1
- Stories/Levels: 3
- Square Feet: 13,539
- Sq. Ft. Source: Assessor
- Year Built: 1922
- Year Built Source: Assessor
Unit Information
- Units in Complex: 28
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1978
- Lot Size: 8612
- Lot Size Source: Assessor
- Zoning: LAR4
Financial Considerations
- Price Per Sq. Ft.: $206.81
- Assessment Year: 1922
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5154-026-020
Listed by Marcus & Millichap, Sean Rosenzweig
We Value Your Privacy
We Value Your Privacy
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Listing agent
— 502 S Westlake Ave —
Sean Rosenzweig
Marcus & Millichap
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 502 S Westlake Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Esperanza Elementary School, Los Angeles, CA 680 Little Street, Los Angeles, CA 90017 | K-5 | 0.3 mi |
John H. Liechty Middle School 650 South Union Avenue, Los Angeles, CA 90017 | 7-8 | 0.4 mi |
Belmont Senior High School 1575 West 2nd Street, Los Angeles, CA 90026 | 9-12 | 0.5 mi |
Miguel Contreras Learning Complex School 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.7 mi |
Contreras Learning Center-Los Angeles School Of Global Studies 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.7 mi |
Contreras Learning Center-School Of Social Justice 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.7 mi |
Academic Leadership Community School 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.7 mi |
Edward R. Roybal Learning Center 1200 Colton Street, Los Angeles, CA 90026 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 502 S Westlake Ave
Tax History
Tax History for 502 S Westlake Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$27,464
—
$2,154,986
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
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 502 S Westlake Ave
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502 S Westlake Ave, Los Angeles, CA 90057 (MLS# 26671293) is a Multi-Family property with units containing 2 bedrooms and 0 full bathrooms. 502 S Westlake Ave is currently listed for $2,800,000 and was received on March 30, 2026. Want to learn more about 502 S Westlake Ave? 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.