10
See all 10 photos
$785,000
Est. payment /mo
2 Beds
1,584 SqFt
Active Under Contract
224 W 101st Street Los Angeles, CA 90003
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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
HOA Y/N No
Year Built 1945
Lot Size 8,102 Sqft
Acres 0.19
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)
Fireplace No
Exterior
Total Parking Spaces 3
Building
New Construction No
Others
Tax ID 6053025006
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Taylor Avakian • Lyon Stahl Investment Real Estate, Inc.
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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