$ 749,900
-
$749,900
Price -
8
Bed -
4
Bath -
2,220
SqFt
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About the Listing F8595001 - F210081731,CLW-C106451
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.
Listing Highlights for 418 E 120th St
Status
Active
Days on Site
44
Property Type
Residential
MLS ®
SR25214645
Year Built
1947
Total Square Footage
2,220
Lot/Acreage
0.14
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances: Gas Range, Range Hood
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor: Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),Open Floorplan,Tile Counters
- Water: Public
Exterior Details
- Lot Description: Level with Street,Irregular Lot,Near Public Transit,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof: Common Roof,Composition
- Others: Storage,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Auto Driveway Gate,Driveway,Concrete,Gated,Shared Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6086024023
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
418 E 120th St Los Angeles, CA 90061
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