$2,800,000
502 S Westlake Avenue, Los Angeles CA 90057
Multi-Family (28 Units)
Property type
67 days
On market
$207
Price per sqft
N/A
Garage
1922
Year built
8,612 sqft
Lot size
Open Houses
Overview
**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...
Listing provided by: Sean Rosenzweig DRE #01406343 213-943-1897, Marcus & Millichap
Listing updated: May 28, 2026 at 08:24pm.
Last checked: Jun 5, 2026 at 11:00pm
Source: CRMLS #26671293
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 26 | 0 | 1 | — | $1,126 | $25,070 | $1,400 | Unfurnished |
| 2 | 1 | 1 | — | $1,784 | $3,568 | $1,850 | Unfurnished |
# of Buildings: 1
# of Units Total: 28
Financial Snapshot
Gross Rent Multiplier
7.1x
List Price / Annual Gross Rent
Cap Rate
6.77%
NOI / List Price
Net Operating Income: $189,514
Exterior
Stories Total: 3
Levels: Three Or More
Garage and Parking
Parking: None
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 5154026020
Zoning: LAR4
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 502 S Westlake Avenue, Los Angeles, CA 90057. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,240,000
Total Interest
$2,856,997
Total Payment
$5,096,997
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$17,225
per month
Property History for 502 S Westlake Avenue
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90057.
Similar Homes
Listings with similar prices to 502 S Westlake Avenue