Los Angeles, CA 90037 240 W 46th Street

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Presented By: Brett Lyon with Lyon Stahl Investment Real Estate, Inc.; 3107801899
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# SB25105139
  • 05/12/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 5
  • Baths • 3
  • SQFT • 3,969
  • Garage • 2

Home Details

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 6.33% 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.
Presented By: Brett Lyon with Lyon Stahl Investment Real Estate, Inc.; 3107801899

Interior Features for 240 W 46th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 240 W 46th Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.16
Carport Y/NNo
CityLos Angeles
Community FeaturesBiking
ContingencyShowings subject to offer and proof of funds.
CountyLos Angeles
DirectionsOn the corner of Broadway and W 46th Street
Entry Location1
Garage Spaces2.0
Garage Y/NYes
Gross Income80604.0
HOANo
Home Warranty Y/NNo
Insurance Expense5954.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsConventional
Lot Size Square Feet5082.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
Maintenance Expense3224.0
MobileHomeRemainsYNNo
Net Operating Income50972.0
New ConstructionNo
Number Of Units Total2
Number of Units Leased2
Open Parking Spaces1.0
Operating Expense27214.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot22
Taxes$16,036
Total Actual Rent6717.0
Trash Expense0.0
Water Sewer Expense0.0
Year Built2017
Year Built SourceAssessor
ZoningLAR2

Exterior for 240 W 46th Street

Building Area Total3969.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions5082
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1167
Lot Size Area5082.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Parking FeaturesGarage
Private PoolNo
SpaNo
Total Parking3.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,225,000
MLS#SB25105139
List Date 05/12/2025
Property Type Multi-Family
Phone 714.742.6515
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Request Info
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