239 W 113th, Los Angeles, CA 90061

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
239 W 113th,Los Angeles, CA 90061
$985,000
  • - Beds
  • - Baths
  • 2,376 sq. ft.
  • Multi-family
  • Active
Listed by: alex colombo
Office: keller williams coastal prop.562-961-1400
MLS#:PW26079160
Source:CRMLS

Price summary

  • Price:$985,000
  • Price per sq. ft.:$414.56

About this home

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.

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Home facts

  • Year built:1924
  • Listing ID #:PW26079160
  • Added:11 day(s) ago
  • Updated:April 25, 2026 at 10:33 AM

Rooms and interior

  • Living area:2,376 sq. ft.

Structure and exterior

  • Year built:1924
  • Building area:2,376 sq. ft.
  • Lot area:0.29 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$985,000
  • Price per sq. ft.:$414.56

Parking

  • Total parking spaces:14
  • Parking description:14 Carport Space(s)
  • Carport spaces:14
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