$785,000

224 W 101st Street, Los Angeles, CA 90003

  • 2 beds
  • 1,584 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1945
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $496/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Date Added:
September 24, 2025 at 05:00AM
Listing Office:
Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
Listing Agent:
Taylor Avakian : 916-996-4421
MLS ID:
CL25596833
  • A/C: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Parking: Other
  • County: Los Angeles
  • Zoning: LAR26053025006

This listing courtesy of Taylor Avakian, Lyon Stahl Investment Real Estate, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Charles W. Barrett STEAM Academy

419 W 98th St, Los Angeles, CA, 90003

Grades KG-5

0.32 miles away

B

Bret Harte Preparatory

9301 S Hoover St, Los Angeles, CA, 90044

Grades 6-8

0.77 miles away

A

Alain Leroy Locke College Preparatory Academy

, Los Angeles, CA, 90061

Grades 9-12

0.76 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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