156 E 101stLos Angeles, CA 90003

Description

156-158 E 101st St presents an attractive opportunity to acquire a 2-unit multifamily property in Los Angeles, offered at $999,999, reflecting a 6.01% current cap rate and 11.67 GRM. Built in 2018, the property features (2) spacious 5 Bed/3 Bath units, currently generating just over $7,000 in monthly scheduled rental income, along with 6 dedicated parking spaces. Offered at approximately $270 per SF, the property is priced well below replacement cost, providing an attractive basis for investors seeking strong in-place cash flow with limited maintenance requirements. The property is not subject to local or state rent control, providing the opportunity for future rental growth and increased income potential. Strategically located in Los Angeles, CA 90003, 156-158 E 101st St benefits from convenient access to major employment centers, retail corridors, and public transportation. The surrounding area continues to experience strong rental demand, making this an appealing opportunity for both current cash flow and long-term appreciation.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

2018

Stories

2

Building area

3,691 Sq Ft

Lot size

0.14 acres

Garage spaces

6

Parking spaces

6

Days on market

40

MLS^® Listing#

SB26216579

Property Features

Pool

None

Laundry

None

Community

Curbs · Suburban · Sidewalks

Sewer

Public Sewer

Water source

Public

Parcel number

6063008001

Directions

east of Avalon Blvd and west of Century Blvd