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239 W 113th St
Los Angeles, CA 90061 Canndu/Avalon Gardens

$985,000 USD

Apartments For Sale  •  2,376 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,376 SF
  • Lot Size 0.29 AC
  • Building Class C
  • Year Built 1924
  • Cap Rate 6.56 %
  • Zoning LAR2
70 Transit Score
50 Walk Score

Highlights

Current scheduled gross income of $114,384 annually, with average in-place rents at $1,589 per unit versus market rents estimated at $1,925
Operational asset delivering day-one cash flow with significant rent growth potential.
21.2% loss-to-lease on offering underwriting
Largest rent gap concentrated in Unit 4 at $1,000/month

Property Flyers

Financial Summary (Actual)

Net Operating Income: $64,251 USD (2025)
Cap Rate: 6.56 %
Total Expenses: $45,558 USD

Public Transportation

Transit/SubwayDriveWalkDistance
Harbor Fwy Station (Green Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 12 min 0.5 mi
Avalon Station (Green Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 20 min 1.0 mi
AirportDriveWalkDistance
Los Angeles International 15 min - 9.1 mi
Long Beach (Daugherty Field) 21 min - 14.2 mi
Bob Hope 35 min - 25.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Alexandro Colombo 310-978-7950 COLOMBO | KW Commercial
Alexandro Colombo 310-978-7950 COLOMBO | KW Commercial