$2,800,000 USD
213-943-1897
502 S Westlake Ave
Los Angeles, CA 90057
Westlake North
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
FOR SALE DETAILS
PRICE
$2,800,000 USD
PRICE/SF
$207 USD /SF
# OF UNITS
28
PRICE/UNIT
$100,000
CAP RATE
6.77%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
28-Units in Westlake | Architecturally Unique
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1922
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.2 AC
LAND SF
8,612 SF
ZONING
LAR4
APN/PARCEL ID
5154-026-020
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
213-943-1897
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
213-943-1897
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
