Stacey Alysson Melman

502 S Westlake AV Los Angeles CA 90057 MLS #26671293

502 S Westlake AV
Los Angeles, CA, 90057
$2,800,000
2 Beds
28 Baths
13,539 SqFt
0.2 Acres
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MLS #26671293 image #0
**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.
AGENT: Sean Rosenzweig
LISTING BROKERAGE: Marcus & Millichap
502 S Westlake AV
Los Angeles, CA

Property Details

Price:
$2,800,000
MLS #:
26671293
Status:
Active
Beds:
2
Baths:
28
Type:
Single Family
Neighborhood:
c42downtownla
Listed Date:
Mar 30, 2026
Finished Sq Ft:
13,539
Total Sq Ft:
13,539
Lot Size:
8,612 sqft / 0.20 acres (approx)
Year Built:
1922
C42 – Downtown L.a.C42downtownla
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Schools

Interior

Levels
C

Exterior

Financial

Gross Operating Income
$383,612
Net Operating Income
$189,514

Map

Community

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