240 West 46th Street Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90037
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,969 sqft
Price per Sqft $327
MLS Listing ID SB-25105139
Year Built 2017
Lot Size 5,082 Sqft
Property Sub-Type Duplex
Property 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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR2
Interior
Laundry None
Exterior
Parking Features Garage
Garage Spaces 2.0
Pool None
Community Features Biking
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer