224 W 101st Street, Los Angeles, CA 90003
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
224 W 101st Street,Los Angeles, CA 90003
$795,000
- 2 Beds
- - Baths
- 1,584 sq. ft.
- Multi-family
- Active
Listed by:taylor avakian
Office:lyon stahl investment real estate, inc.
MLS#:CL25596833
Source:CA_BRIDGEMLS
Price summary
- Price:$795,000
- Price per sq. ft.:$501.89
About this home
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.
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Home facts
- Year built:1945
- Listing ID #:CL25596833
- Added:1 day(s) ago
- Updated:September 26, 2025 at 03:49 PM
Rooms and interior
- Bedrooms:2
- Living area:1,584 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Wall Furnace
Structure and exterior
- Year built:1945
- Building area:1,584 sq. ft.
- Lot area:0.19 Acres
Finances and disclosures
- Price:$795,000
- Price per sq. ft.:$501.89
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