$ 2,800,000
-
$2,800,000
Price -
1
Bed -
2
Bath -
13,539
SqFt
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About the Listing CLW-X7515101 - CLW-C107850
**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.
Listing Highlights
Status
Active
Days on Site
3
Property Type
Multi-Family
MLS ®
26671293
Year Built
1922
Total Square Footage
13,539
Lot/Acreage
0.2
County
Los Angeles
Area
C42 - Downtown L.A.
Interior Details
- Bedrooms: 1
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAR4
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5154026020
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
502 S Westlake Ave Los Angeles, CA 90057
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