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About This Home
This 6-bedroom, 6-bathroom residential multi family at 239 W 113th in Los Angeles, CA is listed for $985,000 ($415 per sqft). Built in 1924, the home offers 2,376 sqft of living space on a 0.29 acres lot.
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.
Alexandro Colombo
Direct line: 310.978.7950
info@colombocre.com
DRE 01927702
Key Features
- Built in 1924
- 0.29 acre lot
- 14 parking spaces
Property Details
Monthly Cost Estimate
$5,268/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
239 W 113th
Los Angeles, CA 90061
Features & Amenities
Exterior Features
Questions & Answers
This 6-bedroom, 6-bathroom residential multi family at 239 W 113th is listed at $985,000 ($415/sqft). The estimated monthly payment is $4,268 based on 20% down at 6.5% interest.
Key features include: Built in 1924, 0.29 acre lot, 14 parking spaces. Exterior Features: Community Features Included: Street Lights, 6-10 Units/Acre.
This property is listed by Alex Colombo and can be reached at 5628431017 or info@colombocre.com.
