CA > Los Angeles
Los Angeles, CA 90061,418 E 120th ST
Los Angeles, CA 90061,418 E 120th ST
Los Angeles, CA 90061,418 E 120th ST
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Beverly & Hector Team

Beverly & Hector Team

+1(626) 922-9910
$749,900
Est. payment /mo
8 Beds
4 Baths
2,220 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,220 sqft

Price per Sqft $337

MLS Listing ID SR25214645

Bedrooms 8

Full Baths 4

Construction Status Turnkey

HOA Y/N No

Year Built 1947

Lot Size 6,054 Sqft

Property Sub-Type Duplex

Property Description

Situated on a 6,057.2 sq ft lot in the Southeast Los Angeles Community Plan area, this rare investment opportunity offers both immediate rental income and significant redevelopment potential. The property features two tenant-occupied units, both identical in size with 4 bedrooms and 2 bathrooms: a front residence built in 1947 and a rear residence constructed in 2003. With R3-XL-CPIO zoning and location within a Transit Oriented Communities (TOC) Tier 3 and State Density Bonus eligibility area, the site provides multiple density pathways, ranging from a base entitlement of 7–8 units to as many as 20 units under applicable incentives such as TOC, State Density Bonus, and SELA CPIO programs (buyer to verify). The front unit is subject to the Los Angeles Rent Stabilization Ordinance (RSO) and AB 1482 protections, while the back unit is subject to AB 1482, offering stability of tenancy alongside clear legal frameworks for future planning. Conveniently located near major transit corridors, shopping, dining, schools, and recreation, this parcel presents an exceptional opportunity for builders, developers, or investors seeking both current cash flow and long-term upside in a rapidly evolving Los Angeles submarket.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Rooms

Other Rooms Storage

Main Level Bedrooms 7

Interior

Interior Features Ceiling Fan(s), Open Floorplan, Tile Counters, Attic

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Tile

Fireplaces Type None

Fireplace No

Appliance Gas Range, Range Hood

Laundry Washer Hookup, Inside, Laundry Room

Exterior

Parking Features Concrete, Driveway, Electric Gate, Gated, Shared Driveway

Fence Block, Chain Link, Wood

Pool None

Community Features Curbs, Sidewalks

View Y/N No

View None

Roof Type Composition,Common Roof

Private Pool No

Building

Lot Description Irregular Lot, Near Public Transit, Street Level

Dwelling Type Duplex

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories One

Additional Building Storage

New Construction No

Construction Status Turnkey

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 6086024023

Security Features Security Gate

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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CRMLS – RECore
Listed by Stephanie Vitacco Equity Union 818-298-6458
Beverly & Hector Team

+1(626) 922-9910

team@bh-realtor.com

1411 S Diamond Bar Blvd, Diamond Bar, CA, 91765, USA

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