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Listed by Stephanie Vitacco • Equity Union
$699,000
Est. payment /mo
6,057 Sqft Lot
Active
418 420 E 120th ST Los Angeles, CA 90061
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25215042
Style Bungalow
Year Built 1947
Lot Size 6,057 Sqft
Property Sub-Type Duplex
Source California Regional MLS
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
Kitchen Hood Over Range, Oven Range - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry In Laundry Room, 30, Other
Exterior
Parking Features Gate / Door Opener, Other
Pool 31, None
View None
Roof Type Other,Composition
Building
Lot Description Irregular, Grade - Level
Story One Story
Water District - Public
Architectural Style Bungalow
Others
Tax ID 6086024023
Special Listing Condition Not Applicable
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