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224 W 101st St
Los Angeles, CA 90003
224 W 101st St · Multifamily Property For Sale
·
3 Units
EXECUTIVE SUMMARY
224 W 101st St is a three-unit multifamily investment in South Los Angeles, offering investors immediate cash flow with strong value-add potential through rent growth, unit repositioning, and future redevelopment opportunities. The property consists of three 2-Bed/1-Bath units with consistent 528-square-foot layouts across an 8,102+ square-foot LAR2-zoned lot. With current rents below market and one unit delivered vacant, investors can unlock value by leasing at market rates, renovating interiors, or exploring ADU/redevelopment opportunities. The property’s manageable size and stable Section 8 occupancy make it ideal for hands-on investors seeking predictable cash flow with upside potential.
PROPERTY FACTS Under Contract
| Price Per Unit | $360,396 CAD | Property Subtype | Apartment |
| Sale Type | Investment | Apartment Style | Low-Rise |
| Cap Rate | 7.43% | Building Class | C |
| Gross Rent Multiplier | 9.29 | Building Size | 1,584 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1945/1981 |
| Zoning | LAR2 | ||
| Price Per Unit | $360,396 CAD |
| Sale Type | Investment |
| Cap Rate | 7.43% |
| Gross Rent Multiplier | 9.29 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 1,584 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1945/1981 |
| Zoning | LAR2 |
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