239 113th, Los Angeles CA 90061 | $985,000
Listing provided courtesy of Alex Colombo of Keller Williams Coastal Prop.. Last updated 2026-04-26 08:11:15.000000. Listing information © 2025 SANDICOR.
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.
More Details
0.29 Acres
1 Story
David Piper
Call or Text: 858-525-5007
DRE# 02021985
