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
$2,800,000
502 S Westlake AV
Los Angeles, CA, 90057
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.

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

Schools

Interior

Levels
C

Exterior

Financial

Gross Operating Income
$383,612
Net Operating Income
$189,514
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Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…

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Current real estate data for Single Family in Los Angeles as of Apr 06, 2026
7,281
Single Family Listed
88
Avg DOM
516
Avg $ / SqFt
$1,556,154
Avg List Price

Community

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Property Summary

    502 S Westlake AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90057. It is listed for $2,800,000 and features 2 beds, 28 baths, and has approximately 13,539 square feet of living space, and was originally constructed in 1922. The current price per square foot is $207. The average price per square foot for Single Family listings in Los Angeles is $516. The average listing price for Single Family in Los Angeles is $1,556,154. To schedule a showing of MLS#26671293 at 502 S Westlake AV in Los Angeles, CA, contact your James Outland agent at 8057482262.
502 S Westlake AV
Los Angeles, CA
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