114 E 102nd St. Los Angeles, CA 90003

Dec 2

$600,000 Sales Price

2
Units

2,864
Sq Ft

In a market where true value is getting harder to find, 114 E 102nd St stands out as a rare two-unit offering with flexibility for both investors and owner-users. Located in a supply-constrained pocket of Los Angeles, this property brings together size, parking, price efficiency, and below-market rents in a way that’s increasingly uncommon across the city. With nearly 2,900 square feet of rentable area and a unit mix that works in any market cycle, it’s the kind of asset that gives a buyer multiple ways to win—either through cash flow, rental upside, or a living situation supported by rental income.

One of the most notable features of this property is the rear four-bedroom, two-bathroom unit built in 2007. Newer construction in Los Angeles is rare enough, but the added benefit here is that this unit is not subject to the City of Los Angeles Rent Stabilization Ordinance (buyer to verify). For investors, that creates long-term rent flexibility and a more predictable operating outlook. The front home, a three-bedroom, one-bathroom cottage built in 1926, gives the property a strong dual-unit layout with separate entrances, separate meters for gas and electric, and on-site parking—another advantage in a neighborhood where many older properties lack it.

Beyond the physical attributes, the numbers tell a compelling story. Both units are significantly below market rent, offering clear and measurable upside. The pro-forma rent roll shows the potential to meaningfully increase revenue while staying within realistic market comparables. At the same time, the 5,357 square foot lot and nearly 2,864 square feet of living space give buyers room, layout flexibility, and long-term scalability. This is the type of building that performs for both long-term hold investors and first-time multifamily buyers looking to reduce living costs through rental income.

Location remains one of the biggest value drivers. From 114 E 102nd St, residents have easy access to the 110 Freeway, multiple bus lines, and direct routes to Downtown Los Angeles. Schools such as Alain LeRoy Locke College Prep Academy and One Hundred Seventh Street Elementary sit just minutes away, and nearby parks like Augustus F. Hawkins Nature Park and Ted Watkins Memorial Park offer green space and recreation. Daily conveniences, local shops, dining options, and community amenities are all within close reach, making the property an attractive choice for families and long-term tenants.

As interest in Los Angeles multifamily continues to shift toward attainable price points and strong rental fundamentals, properties like this become more competitive. With below-market rents, separately metered utilities, and a rare non-RSO unit, 114 E 102nd St provides a combination of stability and upside that is hard to match. Whether the next owner is an investor seeking yield or an owner-user looking for affordability in a high-cost market, this opportunity delivers real value in an area positioned for continued growth.

If you’d like full financials, comps, or a private showing, reach out directly for the complete offering package.