About 224 W 101st Street
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.
Features of 224 W 101st Street
| MLS® # | 25596833 |
|---|---|
| Price | $785,000 |
| Sold Price | $785,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Square Footage | 1,584 |
| Lot Sqft | 8,102 |
| Acres | 0.19 |
| Year Built | 1945 |
| Type | Residential Income |
| Status | Closed |
| # Of Units | 3 |
Community Information
| Address | 224 W 101st Street |
|---|---|
| Area | C37 - Metropolitan South |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90003 |
Amenities
| Parking Spaces | 3 |
|---|---|
| Parking | Door-Multi, Garage, Driveway |
| # of Garages | 3 |
| Garages | Door-Multi, Garage, Driveway |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
| Stories | One |
Additional Information
| Date Listed | September 24th, 2025 |
|---|---|
| Date Sold | December 18th, 2025 |
| Days on Market | 51 |
| Zoning | LAR2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Taylor Avakian |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |