239 W 113th, Los Angeles, California 90061

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.