Multifamily
502 South Westlake Avenue
502 S Westlake Ave, Los Angeles, CA 90057
Listing Price: $2,800,000
Cap Rate
6.77%
Number of Units
28
GRM
7.10
Price/Unit
$100,000
Price/Gross SF
$206.81
Gross SF
13,539
Investment Overview
See Highlight Section.
502 South Westlake Avenue
Investment Highlights
- Tenants pay their own electricity, reducing owner operating expenses
- 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
- 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
- Situated near Koreatown and Downtown Los Angeles, offering renters convenient access to entertainment and nightlife
Exclusively Listed By
Financing By
Listing Price: $2,800,000
Cap Rate
6.77%
Number of Units
28
GRM
7.10
Price/Unit
$100,000
Price/Gross SF
$206.81
Gross SF
13,539
Investment Highlights
- Tenants pay their own electricity, reducing owner operating expenses
- 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
- 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
- Situated near Koreatown and Downtown Los Angeles, offering renters convenient access to entertainment and nightlife
Investment Overview
See Highlight Section.
Exclusively Listed By
Financing By
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