$699,000
Est. payment /mo
6,054 Sqft Lot
New
418 420 E 120th ST Los Angeles, CA 90061
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25262202
HOA Y/N No
Year Built 1947
Lot Size 6,054 Sqft
Property Sub-Type Multi Family
Property Description
Situated on a 6,057 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). Both units are subject to AB 1482 protections with only the front unit being subject to the Los Angeles Rent Stabilization Ordinance or RSO (rear unit exempt based on year built), 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
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Washer Hookup, Inside, Laundry Room
Exterior
Fence Block, Chain Link, Wood
Roof Type Composition,Common Roof
Present Use Investment
Building
Lot Description Irregular Lot, Near Public Transit, Street Level
Story 1
Water Public
Others
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
Listed by Stephanie Vitacco Equity Union 818-298-6458
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