Los Angeles, CA 90003,224 W 101st St
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Los Angeles, CA 90003,224 W 101st St
Los Angeles, CA 90003,224 W 101st St
Los Angeles, CA 90003,224 W 101st St
Los Angeles, CA 90003,224 W 101st St
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$ 795,000
Est. payment /mo
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Active

224 W 101st St Los Angeles, CA 90003

6 Beds

3 Baths

1,584 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,584 sqft

Price per Sqft $501

MLS Listing ID 25596833

Bedrooms 6

Year Built 1945

Lot Size 8,102 Sqft

Acres 0.1862

Property Sub-Type Multi-Family

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 Metropolitan South

Zoning LAR2

Rooms

Other Rooms Accessory Bldgs

Interior

Heating Wall

Cooling Wall/Window

Equipment None

Exterior

Parking Features Driveway, Garage - 3 Car

Garage Spaces 3.0

Building

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.
Cherrie And Zach

Cherrie And Zach

Broker || Owners | License ID: 01904568

+1(661) 312-2536

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224 W 101st St