239 W 113th, Los Angeles, CA — listing photo 1
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FOR SALENew Listing

239 W 113th

Los Angeles, CA 90061
12,423 Lot Sq Ft
Built 1924
$985,000

Property Overview

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.

Home Details

Property type
Residential Income - Mixed Use
Year built
1924
Lot size
12,423 sq ft
Parking
14 spaces
Days on market
0
MLS status
Active

Location & Neighborhood

239 W 113th

Los Angeles, CA 90061

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Frequently Asked Questions About 239 W 113th

Property type: Residential Income

The current asking price is $985,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 239 W 113th. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1924. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

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Listing Agent

Name: Alex Colombo
MLS ID: PWCOLALE

Available property

$985,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.