1148 E 120th Street, Los Angeles, CA — listing photo 1
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FOR SALENew Listing

1148 E 120th Street

Los Angeles, CA 90059
32 Beds
16 Baths
9,328 Sq Ft
Built 1957
$2,800,000

Property Overview

This property is part of a rare opportunity to acquire a 4 building, 52 unit portfolio in South Los Angeles. 1142-1148 E 120th Street is a well maintained, recently updated and professionally managed 16-unit apartment building with all 2 Bed/1 Bath units and on-site gated parking for tenants. The property sits on a massive 18,356 SF lot and favorably zoned LAC2 for land value. Location is family friendly for tenants being across the street from Magic Johnson Park, and very mobile being just blocks to/from the 105 freeway and minutes to/from the 110 freeway. The portfolio purchase features an in-place 8.76x GRM and 7.56% cap rate, and all properties are late 1950's construction assets with parking for tenants, and a unit mix of (36) 1 Bed/1 Bath & (16) 2 Bed/1 Bath units -- NO studios, bachelors or singles!

Home Details

Property type
Residential Income
Year built
1957
Living area
9,328 sq ft
Lot size
18,360 sq ft
Parking
16 spaces
Stories
2
Days on market
8
MLS status
Active
Zoning
LAC2

Features & Amenities

Interior

  • Ceiling Fans

Appliances

  • Dishwasher
  • Disposal

Parking

  • Assigned

Security

  • Security Gate

Community, Schools & Utilities

Utilities

Heating
WallFurnace
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Location & Neighborhood

1148 E 120th Street

Los Angeles, CA 90059

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Frequently Asked Questions About 1148 E 120th Street

Property type: Residential Income

The current asking price is $2,800,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1148 E 120th Street. Our team will confirm availability and timing.
This 32 bedrooms and 16 bathrooms property offers approximately 9,328 square feet of living space. It was built in 1957. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 8 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Jonathan Rawson
MLS ID: CLW-C135603

Available property

$2,800,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.