224 W 101St St Los Angeles, CA 90003
Three-unit multifamily property with value-add potential in South Los Angeles.
Lot size:
0.19 AcresProperty Features for 224 W 101St St
General Information
- Lot size
- 0.19 Acres
Building Details
- Year built
- 1945
Source: Lyon Stahl Investment Real Estate, Inc.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
South Los Angeles Multifamily Opportunity
Located in South Los Angeles, the property at 224 W 101st St is a three-unit multifamily building constructed in 1923. The building features three 2-bed/1-bath units, totaling 1,584 square feet of living space on an 8,102 square foot LAR2 lot. One unit will be delivered vacant, offering immediate lease-up or owner-user potential. The other two units are occupied by Section 8 tenants, providing reliable income. The property is priced at $785,000, which equates to approximately $262,000 per unit or $496 per square foot. The current cap rate is 7.9%, with a pro forma of 9.11%, reflecting an estimated 56% rental upside. The neighborhood benefits from steady renter demand and strong transit connectivity.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.27711
- Latitude
- 33.94454
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit multifamily property with value-add potential in South Los Angeles.
Where is this triplex located?
The property is located at 224 W 101St St Los Angeles, CA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: - One unit delivered vacant, offering immediate lease-up or owner-user opportunity; - High pro forma cap rate of 9.11% with ~56% rental upside potential; - Two units benefit from Section 8 tenancy, ensuring reliable rental income