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502 S Westlake Ave
Los Angeles, CA 90057 Westlake North

$2,800,000 USD

Apartments For Sale  •  14,539 SF

Property Details

  • Property Type Apartments
  • Total Building Size 14,539 SF
  • Lot Size 0.2 AC
  • Building Class C
  • Year Built 1922
  • Zoning LAR4
100 Transit Score
80 Walk Score

Highlights

Tenants pay their own electricity, reducing owner operating expenses
Minutes from the 2028 Olympic venues: LA Coliseum, Crypto.com Arena, and BMO Stadium in the Downtown Sports Park
Distinctive architectural character with timeless appeal
Priced at $100,000/unit with a 7.10 GRM, offering investors a compelling entry point
22% rental upside remaining through interior renovations
Same ownership for 20+ years — a rare acquisition opportunity

Public Transportation

Commuter RailDriveWalkDistance
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 9 min - 3.3 mi
7 min - 3.3 mi
Transit/SubwayDriveWalkDistance
Westlake/MacArthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 7 min 0.4 mi
AirportDriveWalkDistance
Bob Hope 23 min - 13.6 mi
Los Angeles International 25 min - 14.4 mi
Long Beach (Daugherty Field) 32 min - 23.4 mi
Sean Rosenzweig 213-943-1897 Marcus & Millichap
Sean Rosenzweig 213-943-1897 Marcus & Millichap