156 E 101st, Los Angeles, CA 90003
156 E 101st, Los Angeles, CA 90003
156 E 101st, Los Angeles, CA 90003
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$999,999
Est. payment /mo
6,076 Sqft Lot
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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26216579

HOA Y/N No

Year Built 2018

Lot Size 6,076 Sqft

Property Sub-Type Apartment

Property 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.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Curbs, Suburban, Sidewalks, Urban

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6063008001

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract

Listing Terms Cash, Cash to New Loan, Conventional, Contract

Special Listing Condition Standard

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Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737

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