Multi-Family for sale in Southern California — $2,800,000. 2 beds · 28 baths · 13,539 sqft. **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 t…
$2,800,000
502 S Westlake Avenue, Los Angeles, CA 90057
**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 updated: June 29, 2026 at 2:53 PM
Listed by: Sean Rosenzweig, Marcus & Millichap
Source: CRMLS, MLS#: 26671293, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
3/30/2026 Source: CRMLS, #26671293 | Listed for sale | $2,800,000$207/sqft |
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