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239 113th , Los Angeles, CA 90061
Priced at Only: $985,000
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Address: 239 113th , Los Angeles, CA 90061
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  • MLS#: PW26079160 ( Commercial/Residential )
  • Street Address: 239 113th
  • Viewed: 1
  • Price: $985,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1924
  • Bldg sqft: 0
  • Days On Market: 8
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90061
  • Provided by: Keller Williams Coastal Prop.
  • Contact: Alex Alex
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Building Area Total
  1. 2376.00
Carport Spaces
  1. 14.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 0.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 5346.00
Laundry Features
  1. None
Lot Features
  1. 6-10 Units/Acre
Netoperatingincome
  1. 64582.00
Parcel Number
  1. 6074023031
Pool Features
  1. None
Professionalmanagementexpense
  1. 6589.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 460582505:CRM
Totalexpenses
  1. 45227.00
Trash Expense
  1. 350.00
Water Sewer Expense
  1. 325.00
Water Source
  1. Public
Year Built
  1. 1924
Year Built Source
  1. Public Records
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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