NOT LISTED FOR SALE

1148 E 120th St Los Angeles, CA 90059

Green Meadows Neighborhood
2 Beds
1 Bath
9,328 Sq Ft
0.42 Acres

Last Sold July 06, 2020

Last sale price $2,580,000 $277 Per Sq Ft

36 Days on Market

Highlights

  • 0.42 Acre Lot
  • Paved or Partially Paved Lot
  • Wall Furnace
  • Property is near public transit

About This Home

As of July 2020

We are pleased to present this great opportunity to acquire a total of 16 units all 2 bedroom, 1 bath each. 2 buildings with 8 units each plenty of parking look at the lot size 18,216 the 2 buildings are individually metered for gas and electricity

Last Agent to Sell the Property

Ramon Chavez

Dreamwork Realty Inc. License #00938353 Listed on: 02/17/2020

Last Buyer's Agent

Ramon Chavez

Dreamwork Realty Inc. License #00938353 Listed on: 02/17/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 189x96
  • No Common Walls
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • 9,328 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Private Water Source

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 148
  • Tax Tract Number 13193
  • Assessor Parcel Number 6086036022

Community Details

Overview

  • 2 Buildings
  • 16 Units

Building Details

  • Rent Control
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,775
  • Professional Management Expense $9,022
  • Trash Expense $5,810
  • Water Sewer Expense $9,993
  • New Taxes Expense $35,000
  • Operating Expense $63,600
  • Gross Income $197,016
  • Net Operating Income $130,635

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Professional Management Expense: 9022.00
  • Property Attached: No
  • Water Sewer Expenses: 9993.00
  • Property Type: Residential Income
  • Parcel Number: 6086036022
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 276.59

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Electricity Available, Natural Gas Connected, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: No
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 5810.00
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Level, Near Public Transit, Paved
  • Lot Size: 189x96
  • Lot Size Sq Ft: 18216.00
  • Lot Size Acres: 0.4182

Multi Family

  • Gross Income: 197016.00
  • Gross Scheduled Income: 197016.00
  • Insurance Expense: 3775.00
  • Lot Size Area: 18216.0000 Square Feet
  • Net Operating Income: 130635.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 63600.00
  • Rent Control: Yes
  • Total Expenses: 63600.00

Tax Info

  • New Taxes Expense: 35000.00
  • Tax Lot: 148
  • Tax Tract Number: 13193

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2020 07/06/20 Sold $2,580,000 -7.9% $277 / Sq Ft
03/24/2020 03/24/20 Pending -- -- --
03/11/2020 03/11/20 For Sale $2,800,000 0.0% $300 / Sq Ft
02/26/2020 02/26/20 Pending -- -- --
02/17/2020 02/17/20 For Sale $2,800,000 -- $300 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Ramon Chavez

    Dreamwork Realty Inc.

    (213) 359-0669

    37 Total Sales

    Ramon Chavez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20036299

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90059 Green Meadows

1148 E 120th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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