240 W 46th Street, Los Angeles, CA 90037
Duplex · 3 recorded sales since 2016
Sold November 2025
Listing Agent: Brett Lyon (DRE #01717818) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 3107801899 · Bought with: Koeun Hwang · Happy Haus Inc. · MLS #SB25119048 · Source: CRMLS
About this duplex
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 7.59% market CAP rate and a 9.72 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 description from the November 2025 sale, as reported to CRMLS.
Sale history
