502 South Westlake Avenue — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90057

Investment Figures

Cap rate
6.77%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

See Highlight Section. 1 of 3 Previous Next ← Move left → Move right ↑ Move up ↓ Move down + Zoom in - Zoom out 509 S Westlake Ave Los Angeles, California 509 S Westlake Ave View on Google Maps Custom Imagery This image is no longer available Keyboard shortcuts Map Data © 2026 Google © 2026 Google Terms Report a problem Gallery (3) View Map Street View × 502 South Westlake Avenue Close 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 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

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 6.8% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Its 6.8% asking cap rate is above the Greater Los Angeles multifamily market average of about 5.0%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

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