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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$699,000
Est. payment /mo
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8 Beds
4 Baths
2,220 SqFt
New

418 E 120th ST Los Angeles, CA 90061

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Carlos Gutierrez

Carlos Gutierrez

+1(831) 345-9991

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,220 sqft

Price per Sqft $314

MLS Listing ID CRSR25260283

Style Bungalow

Bedrooms 8

Full Baths 4

Year Built 1947

Lot Size 6,057 Sqft

Property Sub-Type Duplex

Source California Regional MLS

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

Dining Room Other

Kitchen Hood Over Range, Oven Range - Gas

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Fireplaces Type None

Laundry In Laundry Room, 30, Other

Exterior

Parking Features Gate / Door Opener, Other

Fence 2, Wood, Chain Link

Pool 31, None

View None

Roof Type Other,Composition

Building

Lot Description Irregular, Grade - Level

Story One Story

Water District - Public

Architectural Style Bungalow

Others

Tax ID 6086024023

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
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Carlos Gutierrez

Carlos Gutierrez

Agent | License ID: 1461866

+1(831) 345-9991

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418 E 120th ST