418 E 120th ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90061
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 SR25260283
Bedrooms 8
Full Baths 4
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
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplaces Type None
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
Building
Lot Description Irregular Lot,Near Public Transit,Street Level
Dwelling Type Duplex
Story 1
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Los Angeles Unified
Others
Acceptable Financing Cash,Cash to New Loan,Conventional
Listing Terms Cash,Cash to New Loan,Conventional
Special Listing Condition Standard