Cash-Flowing 6-Unit South LA Multifamily with In-Place Income and Rollover Upside

239 W 113th Street is a 6-unit multifamily property in South Los Angeles offered at $985,000. The property consists of six 1-bedroom, 1-bathroom units spread across three separate structures on a 12,420 square foot lot and includes 14 on-site parking spaces. The asset is separately metered for gas and electricity with one master water meter, giving buyers a clean operational setup from day one. Current scheduled income is $114,384 annually, representing an 8.61 current GRM and 6.56% current cap rate at the asking price. The deal offers in-place cash flow with additional upside tied to turnover, with current rents roughly 21% below the underwritten pro forma and one unit currently leased at $1,000 per month. This is a cash-flowing six-unit deal with a clear operating path, strong parking count, and visible rent upside driven by execution rather than speculation.