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… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Taylor Avakian 310-425-9838
Listing Snapshot
Days Online
29
Last Updated
Property Type
Other
Beds
6
Square Ft.
1,584
Lot Size
0.19 Acres
Year Built
1945
MLS Number
25596833
30 Days Snapshot Of 90003
$603k
+9%
(avg) sold price
7
-30%
homes sold
88
-44%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1945, Building area total: 1,584, Levels: One, Living area: 1584, 1 story, 3 buildings
Cooling
WallWindowUnits
Garage
3 spaces
Heating
WallFurnace
Income
Gross income: $80,256, Net operating income: $58,239
Lot
0.186 acres, 8,102 square feet, Size: 8,102
Parking
3 totals parking, DoorMulti, Driveway, Garage
Property
Zoning: LAR2
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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