156 E 101st
Property Overview
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.
Home Details
- Property type
- Residential Income - Apartment
- Year built
- 2018
- Lot size
- 6,075 sq ft
- Parking
- 6 spaces
- Garage
- 6 spaces
- Stories
- 2
- Days on market
- 0
- MLS status
- Active
Features & Amenities
Pool
- None
Lot
- Zero To One Unit Acre
Community, Schools & Utilities
Utilities
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 156 E 101st
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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