239 W 113th, Los Angeles, CA 90061

• 2,376 sqft

Property 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.

Listing Status:

Active

Date Added:

April 13, 2026

Data Last Updated:

April 15, 2026 at 11:06PM

Listing Office:

Keller Williams Coastal Prop. :

Listing Agent:

Alex Colombo : 310-978-7950

MLS ID:

CRPW26079160

Interior

• Laundry: No Hookups

Location

• County: Los Angeles

Lot

• Zoning: 6074023031