240 W 46th Street, Los Angeles, CA 90037 (MLS # SB25105139)
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240 W 46th Street presents a rare opportunity to acquire a 2017 construction duplex in the heart of South Los Angeles, offering both scale and efficiency in a turnkey, non-rent-controlled asset. The property features two expansive 5-bedroom/3-bath units totaling nearly 4,000 rentable square feet, ideal for family rentals or co-living strategies. A detached 2-car garage provides secure parking, and the newer construction ensures minimal maintenance requirements for years to come.With projected performance of a 5.90% market CAP rate and a 12.04 market GRM, this asset offers strong upside potential through rental growth. The efficient layout and large unit sizes position the property well for continued tenant demand in a high-occupancy market.Situated on a 5,082 SF lot just minutes from USC, Downtown LA, and major freeways, 240 W 46th Street is ideally located for tenants seeking access to employment hubs, transit, and cultural amenities. With its strong fundamentals, modern build, and no rent control restrictions, this property is a low-risk, high-upside investment in one of Los Angeles’ most active rental submarkets.
DAYS ON MARKET | 50 | LAST UPDATED | 5/12/2025 |
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YEAR BUILT | 2017 | COMMUNITY | Downtown L.A. |
GARAGE SPACES | 2.0 | COUNTY | Los Angeles |
STATUS | Active | PROPERTY TYPE(S) | Residential Income |
ADDITIONAL DETAILS | |
AREA | Downtown L.A. |
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GARAGE | Garage, Yes |
LOT | 5082 sq ft |
LOT DESCRIPTION | 2-5 Units/Acre |
LOT DIMENSIONS | 5082 |
PARKING | Garage |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 2 |
WATER | Public |
ZONING | LAR2 |
TOTAL MONTHLY PAYMENT
SATELLITE VIEW |
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