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224 W 101st ST Los Angeles, CA 90003
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Key Details
Sold Price $785,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 1,584 sqft
Price per Sqft $495
MLS Listing ID 25596833
Sold Date 12/18/25
Bedrooms 6
HOA Y/N No
Year Built 1945
Lot Size 8,102 Sqft
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
Area C37 - Metropolitan South
Zoning LAR2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Door-Multi, Driveway, Garage
Garage Spaces 3.0
Garage Description 3.0
Total Parking Spaces 3
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6053025006
Special Listing Condition Standard
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Bought with Dominique Vescuso Your Home Imagined, Inc.
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