8
See all 8 photos
$795,000
Est. payment /mo
6 Beds
3 Baths
1,584 SqFt
New
224 W 101st ST Los Angeles, CA 90003
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,584 sqft
Price per Sqft $501
MLS Listing ID 25596833
Bedrooms 6
HOA Y/N No
Year Built 1945
Lot Size 8,102 Sqft
Property Description
224 W 101st St | 3-Unit Multifamily in South Los Angeles. Built in 1923, the property consists of three well-laid-out 2-bed / 1-bath units totaling 1,584 SF on a generous 8,102 SF LAR2 lot ($98 PSF). One unit will be delivered vacant at close, creating immediate lease-up or owner-user potential. Two occupied units benefit from Section 8 tenancy, ensuring reliable collections. Priced at $795,000 (~$265K per unit / $501 per SF), the property offers a ~10.64% current cap rate and an impressive ~18.79% pro forma, with ~56% rental upside available in a neighborhood experiencing steady renter demand and strong transit connectivity.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Door-Multi, Driveway, Garage
Garage Spaces 3.0
Garage Description 3.0
Total Parking Spaces 3
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6053025006
Special Listing Condition Standard
Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc.
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