502 S Westlake Ave, Los Angeles, CA 90057 For Sale

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