Log In/Sign Up
Your email has been sent.
28-Units in Westlake | Architecturally Unique 502 S Westlake Ave 28 Unit Apartment Building $3,893,624 CAD ($139,058 CAD/Unit) 6.77% Cap Rate Los Angeles, CA 90057
Investment Highlights
- Tenants pay their own electricity, reducing owner operating expenses
- Distinctive architectural character with timeless appeal
- 22% rental upside remaining through interior renovations
- Minutes from the 2028 Olympic venues: LA Coliseum, Crypto.com Arena, and BMO Stadium in the Downtown Sports Park
- Priced at $100,000/unit with a 7.10 GRM, offering investors a compelling entry point
- Same ownership for 20+ years — a rare acquisition opportunity
Data Room Click Here to Access
Property Facts
| Price | $3,893,624 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $139,058 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 6.77% | Building Size | 14,539 SF |
| Gross Rent Multiplier | 7.1 | No. Stories | 3 |
| No. Units | 28 | Year Built | 1922 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | LAR4 - Multi Family Dwelling | ||
| Price | $3,893,624 CAD |
| Price Per Unit | $139,058 CAD |
| Sale Type | Investment |
| Cap Rate | 6.77% |
| Gross Rent Multiplier | 7.1 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 14,539 SF |
| No. Stories | 3 |
| Year Built | 1922 |
| Opportunity Zone |
Yes |
| Zoning | LAR4 - Multi Family Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 26 | - | 600 |
| 1+1 | 2 | - | 750 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5154-026-020 | Improvements Assessment | $941,416 CAD |
| Land Assessment | $2,054,014 CAD | Total Assessment | $2,995,431 CAD |
Property Taxes
Parcel Number
5154-026-020
Land Assessment
$2,054,014 CAD
Improvements Assessment
$941,416 CAD
Total Assessment
$2,995,431 CAD
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
28-Units in Westlake | Architecturally Unique | 502 S Westlake Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.