$ 699,000
-
$699,000
Price -
0
Bed -
0
Bath -
2,220
SqFt
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About the Listing F8595001 - F210081731,CLW-C106451
Situated on a 6,057 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). Both units are subject to AB 1482 protections with only the front unit being subject to the Los Angeles Rent Stabilization Ordinance or RSO (rear unit exempt based on year built), 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
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Irregular Lot,Near Public Transit,Street Level,No Land Lease
- Garage Capacity: N/A
- Roof: Composition,Common Roof
- Others: Frame,Stucco,2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6086024023
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
418 420 E 120th St Los Angeles, CA 90061
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