240 W 46th St Los Angeles, CA 90037
South Park NeighborhoodEstimated payment $7,688/month
Total Views
3,985
10
Beds
6
Baths
3,969
Sq Ft
$309
Price per Sq Ft
Highlights
- 2 Car Garage
- Bike Trail
- 1-Story Property
About This Home
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.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3107801899 License #01717818 Listed on: 05/12/2025
Co-Listing Agent
Lyon Stahl Investment Real Est Brokerage Phone: 3107801899 License #01399621
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,153
Year Built
- Built in 2017
Lot Details
- 5,082 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- 1 Open Parking Space
- Parking Available
Home Design
- Duplex
Interior Spaces
- 3,969 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Listing and Financial Details
- Legal Lot and Block 22 / B
- Tax Tract Number 1
- Assessor Parcel Number 5110008011
- $440 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 2 Units
Recreation
- Bike Trail
Building Details
- 2 Leased Units
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $5,954
- Maintenance Expense $3,224
- Other Expense $1,700
- New Taxes Expense $16,036
- Operating Expense $27,214
- Gross Income $80,604
- Net Operating Income $50,972
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,153 | $995,837 | $541,216 | $454,621 |
| 2024 | $12,153 | $976,311 | $530,604 | $445,707 |
| 2023 | $11,920 | $957,168 | $520,200 | $436,968 |
| 2022 | $11,369 | $938,400 | $510,000 | $428,400 |
| 2021 | $11,216 | $920,000 | $500,000 | $420,000 |
| 2020 | $10,238 | $819,835 | $403,675 | $416,160 |
| 2019 | $9,837 | $803,760 | $395,760 | $408,000 |
| 2018 | $9,759 | $788,000 | $388,000 | $400,000 |
| 2017 | $3,104 | $245,000 | $196,000 | $49,000 |
| 2016 | $1,796 | $137,106 | $119,902 | $17,204 |
| 2015 | $1,772 | $135,047 | $118,101 | $16,946 |
| 2014 | $1,787 | $132,403 | $115,788 | $16,615 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | Price Changed | $1,225,000 | -5.8% | $309 / Sq Ft |
| 05/12/2025 05/12/25 | For Sale | $1,300,000 | +430.6% | $328 / Sq Ft |
| 10/06/2016 10/06/16 | Sold | $245,000 | -2.0% | $196 / Sq Ft |
| 09/21/2016 09/21/16 | Pending | -- | -- | -- |
| 09/13/2016 09/13/16 | For Sale | $250,000 | 0.0% | $200 / Sq Ft |
| 09/09/2016 09/09/16 | Pending | -- | -- | -- |
| 08/26/2016 08/26/16 | For Sale | $250,000 | -- | $200 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Accommodation | |
| Grant Deed | $788,000 | Lawyers Title Company | |
| Grant Deed | $245,000 | Chicago Title | |
| Gift Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $543,000 | New Conventional | |
| Previous Owner | $240,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25105139
APN: 5110-008-011
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