Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

2

Building size

3,691 sqft

Lot size

6,075 sqft

Year built

2018

Stories

2

Garage spaces

6

Pool

None

Status

Active

Days on market

0

MLS #

247907859

About this property

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.

Location

156 E 101st

Los Angeles, Los Angeles, CA, 90003