Property Detail

240 46th

Los Angeles CA 90037

$1,300,000

Status: Active

Property Details

Description

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 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.

Map Location

Listing provided courtesy of Brett Lyon of Lyon Stahl Investment Real Estate, Inc.. Last updated 2025-08-14 08:07:51.000000. Listing information © 2025 CRMLS.

Steele Realty Group

Steele Realty Group

Real estate https://static.royacdn.com/Site-4f49a9be-20f3-4cec-be58-b7dc6a64d2f5/homepage_images/Screenshot_2021_07_16_161602.jpg realtor # # https://static.royacdn.com/Site-4f49a9be-20f3-4cec-be58-b7dc6a64d2f5/homepage_images/Screenshot_2021_07_16_161602.jpg