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Compass
224 W 101st St, Los Angeles, CA 90003
- $785,000
- 6
- BD
- 3
- BA
- 1,584
- SqFt
- Sold Price
- $785,000
- List Price
- $785,000
- Closing Date
- Dec 18, 2025
- MLS#
- 25596833
- Year Built
- 1945
- Bedrooms
- 6
- Bathrooms
- 3
- Living Sq. Ft
- 1,584
- Lot Size
- 8,102
- Days on Market
- 51
- Property Type
- Multifamily
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.
Additional Information
- Other Buildings
- Accessory Bldgs
- Heat
- Wall
- Cooling
- Wall/Window
- Number of Cars in Garage
- Driveway, Garage - 3 Car
- Garage Spaces Total
- 3
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Courtesy of Lyon Stahl Investment Real Estate, Inc., Taylor Avakian - CA DRE#02060040 Selling Office: .
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