5 days on Rocket
$10,000 Closing Credit¹
#SB25119147, Brett Lyon, Listing office: Lyon Stahl Investment Real Estate, Inc.
#SB25119048·
Listing office: Lyon Stahl Investment Real Estate, Inc.·
Listing agent: Brett Lyon·
Listing office phone: 3107801899
$1,300,000 List price
240 W 46th St Los Angeles, CA 90037
$10,000
Closing credit¹
10 beds
6 full
3,696 sqft
0.1 acres
$352 / sqft
Multi-Family
Property details
About 240 W 46th St
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.
Highlights
Home typeDuplex
StatusActive
Size3,696 sqft
Lot size0.1167 Acres
Year built2017
MLS #SB25119048
Garage2 spaces
Summary
- Full Bathrooms: 6
- Fireplace: None
- Total Bedroom Count: 10
- Garage Space: 2 spaces
- Attached Garage: No
- Private Pool: No
- Cooling: None
- List Price: $1,300,000
- Price/SqFt: $351
- HOA Amount: $0
- Annual Tax Amount: $12,152
- Tax Year: 2024
- Directions: On the Corner of Broadway and W 46th St
- Year Built: 2017
- Stories: 1
- Living Area: 3,696 SqFt
- Lot Size: 0.1167 Acres
- MLS Number: SB25119048
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 780-1899
- Listing Agent: Brett Lyon
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/4/2025, 4:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,300,000
240 W 46th St
$10,000
closing credit¹
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Seller rebate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 17, 2017 | Home Sold | $788,000 |
| Oct 07, 2016 | Home Sold | $245,000 |
| Nov 29, 1990 | Home Sold | $90,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $976,311 | $12,152 |
| 2023 | $957,168 | $11,920 |
| 2022 | $938,400 | $11,369 |
| 2021 | $920,000 | $11,215 |
| 2020 | $819,835 | $9,836 |
| 2019 | $803,760 | $9,759 |
| 2018 | $788,000 | $3,103 |
| 2017 | $245,000 | $3,103 |
History based on county public records data.
Nearby schools
5
West Vernon Avenue Elementary
Public District KG-5
0.3 mi
•4312 S Grand Ave
4
Main Street Elementary School
Public District KG-5
0.5 mi
•129 E 53rd St
6
Global Education Academy
Public Charter KG-6
0.6 mi
•4141 S Figueroa St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,347. Typical income of Los Angeles, CA residents is less than $<35k annually. The most common type of family is single, with kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
59%
<35k
35%
35k-100k
5%
100k-200k
1%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
What types of families live nearby?
31%
Single, No Kids
33%
Single, with Kids
6%
Married, No Kids
30%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
11%
12-17 yrs old
31%
18-34 yrs old
31%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
H&M
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
Boston Market
What do the neighbors drive?
Nissan
Dodge
Honda
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 240 W 46th St
The listing price of 240 W 46th St property is $1,300,000.
The property 240 W 46th St is a multi located in Los Angeles, California, 90037.
Active Listing: 240 W 46th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 240 W 46th St are: West Vernon Avenue Elementary (GreatSchools Rating 5/10), Main Street Elementary School (GreatSchools Rating 4/10), Global Education Academy (GreatSchools Rating 6/10), Alliance College-Ready Middle Academy 12 (GreatSchools Rating 4/10), Isana Himalia Academy (GreatSchools Rating 4/10), Accelerated (GreatSchools Rating 6/10), Alliance Patti and Peter Neuwirth Leadership Academy (GreatSchools Rating 8/10), Wallis Annenberg High School (GreatSchools Rating 6/10), Synergy Quantum Academy (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $12,152 (source: MLS/based on county public records data).
The last sale was on November 17, 2017 for $788,000 (source: MLS/tax record).
The property 240 W 46th St is 3,696 SqFt (source: MLS/tax record).
The year of construction for 240 W 46th St is 2017.
This home is located at 240 W 46th St in Los Angeles, CA and zip code 90037 in the South LA neighborhood. This 3,696 square foot home, which was built in 2017, sits on a 0.12 acre lot. Features: 10 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since May 29, 2025 and is currently priced at $1,300,000.
Los Angeles, CA housing market in May 2025 saw over 325 listings sold above listed price, more than 134 sold at listed price and over 319 sold below. The number of homes for sale in Los Angeles, CA increased by 8.7% between April and May 2025. While the average time on the market in May 2025 was 34 days, the median list price was $871,794.
From Rocket Homes Real Estate and based on county public records data.