224 W 101st Street Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90003
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,584 sqft
Price per Sqft $495
MLS Listing ID CL25596833
Bedrooms 2
Year Built 1945
Lot Size 8,102 Sqft
Property Sub-Type OTHER
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. 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 $785,000 (~$262K per unit / $496 per SF), the property offers a 7.9% current cap rate and an impressive 9.11% pro forma, with ~56% rental upside available in a neighborhood experiencing steady renter demand and strong transit connectivity.
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Building
New Construction No