1021 W 101st Street, Los Angeles, California 90044, Los Angeles, 90044 - 5 bed, 2 bath
Loading property details...
Los Angeles, California 90044
This Mixed-Use Value-Add Asset is listed at $1,180,000, representing a unique multi-stream income opportunity near its $1,105,249 Fair Market Value. The property features three separate buildings on an expansive 13,584 SF Lot, including a commercial retail space, two residential units, and a Billboard generating $1,166/month in passive income. While the property carries a Condition Rating of 5 requiring significant rehabilitation, its location in Unincorporated LA County (No RSO) offers superior regulatory flexibility. This high-utilization parcel is an ideal acquisition for Portfolio Investors or Developers looking to capitalize on diverse revenue and redevelopment potential.
Property is extensive renovation needed.
Originally built in 1921, this mixed-use property exhibits significant physical depreciation and aging infrastructure. The provided images of the commercial building show a dated interior with stained ceilings, worn concrete and tile flooring, exposed electrical conduits, and aging industrial fixtures. The exterior shows weathered roofing and stucco. While the commercial space is currently operational, the overall condition suggests that major systems and interiors require substantial rehabilitation to meet modern safety and quality standards. The lack of interior photos for the residential units further suggests they likely require similar extensive updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13584, living area = 2730.
This unique mixed-use opportunity provides multiple revenue sources, including two residential units, a commercial retail building, and a billboard generating $1,166 per month in passive income.
Situated in an unincorporated area of Los Angeles County, the property is exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), offering landlords greater control over rental rates and management.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13584, other record lot size in square feet = 6788. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2730, other record living area = 901. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
Built in 1921, the century-old structures likely require significant updates to systems and finishes to meet modern standards and reduce ongoing maintenance costs.
Managing a mixed-use site with three separate buildings and diverse tenant types (commercial, residential, and advertising) requires more specialized oversight than a standard residential investment.
This listing is priced for both parcels and presents a rare mixed-use opportunity featuring two adjacent properties with three separate buildings totaling approximately 2,730 SF on a combined lot size of approximately 13,584 SF. Parcels may also be sold separately.The property at 1026 W Century Blvd (APN 6060-028-017) includes a 582 SF commercial retail building currently operating as a fish market, which can be delivered vacant at closing for owner-user occupancy or leasing. This parcel also includes a separate residential unit located at 1025 W 101st St, featuring 3 bedrooms and 1 bathroom with approximately 1,247 SF.The adjacent property at 1021 W 101st St (APN 6060-028-016) consists of a separate single-family residence with 2 bedrooms and 2 bathrooms and approximately 901 SF.All units are separately metered, with tenants responsible for utilities, and owner expenses limited to some landscaping. Additional income includes an on-site billboard generating approximately $1,166/month. The fish market business has been owner-operated for many years; however, the sale does not include any goodwill or income guarantee.Located in an unincorporated area of Los Angeles County and not subject to the City of Los Angeles RSO, offering added flexibility for rental management.Buyer and buyer's agent to independently verify all information. Listing agent and seller make no guarantees as to accuracy.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 97% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,730 | 1,271 | 99% |
| Lot Size | 13,584 | 5,267.5 | 99% |
| Price | $1.05M | $667.5K | 99% |
| Price per sq ft | $385 | $527 | 13% |
| Built year | 1921 | 1928 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 186 | 4% |
May 21, 2026
$1,050,000
$1,180,000
-11% Price Drop
Initial Listing
Apr 9, 2026
$1,180,000
Initial Listing