240 W 46th Street presents a rare opportunity to acquire a 2017 construction duplex in the heart of South Los Angeles, offering both scale and efficiency in a turnkey, non-rent-controlled asset. The property features two expansive 5-bedroom/3-bath units totaling nearly 4,000 rentable square feet, ideal for family rentals or co-living… Read More strategies. A detached 2-car garage provides secure parking, and the newer construction ensures minimal maintenance requirements for years to come. With projected performance of a 5.90% market CAP rate and a 12.04 market GRM, this asset offers strong upside potential through rental growth. The efficient layout and large unit sizes position the property well for continued tenant demand in a high-occupancy market. Situated on a 5,082 SF lot just minutes from USC, Downtown LA, and major freeways, 240 W 46th Street is ideally located for tenants seeking access to employment hubs, transit, and cultural amenities. With its strong fundamentals, modern build, and no rent control restrictions, this property is a low-risk, high-upside investment in one of Los Angeles’ most active rental submarkets. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Brett Lyon 3107801899
Listing Snapshot
Days Online
55
Last Updated
Property Type
Duplex
Lot Size
0.12 Acres
Year Built
2017
MLS Number
SB25105139
30 Days Snapshot Of 90037
$773k
+11%
(avg) sold price
5
-16%
homes sold
53
-17%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 2017, Building area total: 3,969, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Community
Biking
Expenses
Gardener expense: $1,200, Insurance expense: $5,954, Maintenance expense: $3,224, New taxes expense: $16,036, Operating expense: $28,114, Other expense: $1,700
Garage
2 spaces
Income
Gross income: $80,604, Net operating income: $50,072
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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