239 W 113th St, Los Angeles, CA 90061 (MLS # PW26079160)

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PRICE $985,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 2,376 sqft
LOT SIZE 12,424 sqft
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239 W 113th Street is a six-unit operator deal with day-one cash flow and visible rent upside. At the asking price of $985,000, the property is offered at $164,167 per unit and underwrites to a 6.56% current cap rate and 8.61 current GRM based on the offering financials. The deal works because the in-place income is there on day one. Scheduled gross income is $114,384, and the asset is separately metered for gas and electricity, which helps contain utility exposure. The upside is real, but it is execution-based. Current average rent is $1,589 per unit versus underwritten market rent of $1,925, with one unit at $1,000 creating a large portion of the rent gap. This is not a heavy repositioning deal. It is a cash-flowing six-unit with selective rent reset potential over time. For South LA small-balance buyers, the deal offers day-one income, separate utility metering, excess parking, and rent upside tied to turnover rather than heavy repositioning.

DAYS ON MARKET 12 LAST UPDATED 4/13/2026
YEAR BUILT 1924 COMMUNITY C36 - Metropolitan Southwest
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA C36 - Metropolitan Southwest
LOT 0.2852 acre(s)
LOT DIMENSIONS 12423
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
WATER Public
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Listed with Keller Williams Coastal Prop.

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