Los Angeles, CA 90061,418 E 120th Street
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Los Angeles, CA 90061,418 E 120th Street
Los Angeles, CA 90061,418 E 120th Street
Los Angeles, CA 90061,418 E 120th Street
Los Angeles, CA 90061,418 E 120th Street
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Candi DeMoura

Candi DeMoura

+1(858) 900-1333
$ 699,000
Est. payment /mo
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Pending

418 E 120th Street Los Angeles, CA 90061

8 Beds

4 Baths

6,057 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SR25215042

Bedrooms 8

Lot Size 6,057 Sqft

Property Sub-Type Res Income 2-4 Units

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 78 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

Zoning Assessor

Direction S of the 105 Freeway, Between San Pedro St & Avalon Blvd

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 6086024023

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

MLS Router / San Diego MLS
Listed by Stephanie Vitacco Equity Union

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Anderson K - 8 School

    Public | KG - 8

  • 7

    McKinley Elementary School

    Public | KG - 5

  • 7

    Laurel Street Elementary School

    Public | PK - 8

  • 7

    Thomas Jefferson Elementary School

    Public | PK - 8

  • 6

    Watts Learning Center

    Public | KG - 5

  • 6

    122nd Street Elementary

    Public | KG - 5

  • 6

    99th Street Elementary School

    Public | PK - 6

  • 6

    Ardella B. Tibby K-8 School

    Public | KG - 8

  • 6

    Stanford Avenue Elementary

    Public | 1 - 5

  • 5

    La Salle Avenue School

    Public | KG - 5

  • 5

    Denker Avenue School

    Public | KG - 5

  • 5

    118th Street Elementary

    Public | KG - 5

  • 5

    Ambler Avenue Elementary School

    Public | KG - 5

  • 5

    Kipp Philosophers Academy

    Public | 5 - 8

  • 5

    Henry Wadsworth Longfellow Elementary School

    Public | PK - 8

  • 5

    Dickison Elementary School

    Public | KG - 8

  • 5

    Rosecrans Elementary School

    Public | KG - 6

  • 5

    Willow Elementary

    Public | KG - 5

  • 4

    Amestoy Elementary School

    Public | PK - 5

  • 4

    Figueroa Street Elementary School

    Public | KG - 5

Middle Schools 20
  • 6

    Alliance College-Ready Middle Academy No. 4

    Public | 6 - 8

  • 4

    Peary Middle School

    Public | 6 - 8

  • 4

    Vanguard Learning Center

    Public | 6 - 8

  • 4

    Alliance Jack H. Skirball Middle School

    Public | 6 - 8

  • 4

    New Designs Charter School-Watts

    Public | 6 - 12

  • 4

    Enterprise Middle School

    Public | 6 - 8

  • 3

    Environmental Charter Middle School

    Public | 6 - 8

  • 2

    Animo Charter Middle No. 2

    Public | 6 - 8

  • 2

    Drew Middle School

    Public | 7 - 8

  • 2

    Prepa Tec - los Angeles

    Public | 6 - 8

  • 1

    Bret Harte Preparatory

    Public | 6 - 8

  • 1

    Samuel Gompers Middle School

    Public | 6 - 8

  • 1

    Watts Learning Center Charter Middle School

    Public | 6 - 8

  • 1

    Edwin Markham Middle School

    Public | 6 - 8

  • 1

    Willowbrook Middle School

    Public | 6 - 8

  • 1

    Frank L. Walton Middle School

    Public | 6 - 8

  • 1

    Davis Middle School

    Public | 6 - 8

  • 1

    Bunche Middle School

    Public | 6 - 8

  • 1

    Southeast Middle School

    Public | 6 - 8

  • 0

    Animo Phillis Wheatley Charter Middle School

    Public | 6 - 8

High Schools 20
  • 9

    King/Drew Medical Magnet High School

    Public | 9 - 12

  • 8

    Middle College High School

    Public | 9 - 12

  • 8

    Animo Pat Brown

    Public | 9 - 12

  • 7

    Alliance Judy Ivie Burton Technology Academy High School

    Public | 9 - 12

  • 6

    Alliance Health Services Academy High School

    Public | 9 - 12

  • 6

    Alliance Cindy and Bill Simon Technology Academy H

    Public | 9 - 12

  • 5

    Animo South los Angeles Charter

    Public | 9 - 12

  • 5

    Animo Watts College Preparatory Academy

    Public | 9 - 12

  • 5

    South East High School

    Public | 9 - 12

  • 2

    Dymally High School

    Public | 9 - 12

  • 2

    Centennial High School

    Public | 9 - 12

  • 2

    David Starr Jordan High School

    Public | 9 - 12

  • 1

    George Washington Prep High School

    Public | 9 - 12

  • 1

    Alain Leroy Locke College Preparatory Academy

    Public | 9 - 12

  • 1

    Animo College Preparatory Academy

    Public | 9 - 12

  • 1

    Compton High School

    Public | 9 - 12

  • 0

    Ellington (Duke) High (Continuation)

    Public | 9 - 12

  • 0

    C. Morley Sellery Special Education Center

    Public | 9 - 12

  • 0

    Youth Opportunities Unlimited

    Public | 9 - 12

  • 0

    John Hope Continuation

    Public | 9 - 12

School and business data provided by Attom Data.
Candi DeMoura

Candi DeMoura

Realtor | License ID: 01930846

+1(858) 900-1333

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