Description
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.
Details
| MLS # | PW26079160 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1924 |
| Days On Site | 143 |
| Listing Provided By | Keller Williams Coastal Prop. | Alex Colombo |
Features
| SQ Feet | 2,376 |
|---|---|
| Car Port | Yes |
| Story(s) | 1 |
| Units | 6 |
| Building(s) | 3 |
| Acreage | 0.29 |
Exterior
| Lot Features | Six To Ten Units Acre |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Street Lights |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90061 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (in 90061) | |
Price: $985,000 low | high Med: $649,700 sqft: 2,376 low | high Med: 1,226 $ / sqft: $415 low | high Med: $530 On site: 143 low | high Med: 99.5 | |
Market Activity 90061
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90061 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (in 90061) | |
Price: $985,000 low | high Med: $649,700 sqft: 2,376 low | high Med: 1,226 $ / sqft: $415 low | high Med: $530 On site: 143 low | high Med: 99.5 | |
