1148 E 120th St Los Angeles, CA 90059
Green Meadows NeighborhoodEstimated payment $18,922/month
About This Home
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!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Interior Spaces
- 9,328 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Freezer
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 32 Bedrooms
- 16 Bathrooms
Parking
- 16 Parking Spaces
- Automatic Gate
- Assigned Parking
Additional Features
- 18,360 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- The owner pays for water, gardener
- Assessor Parcel Number 6086-036-022
Community Details
Overview
- 2 Buildings
- 16 Units
Building Details
- Rent Control
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $37,368 | $2,848,526 | $1,545,712 | $1,302,814 |
| 2025 | $37,368 | $2,792,673 | $1,515,404 | $1,277,269 |
| 2024 | $36,847 | $2,737,916 | $1,485,691 | $1,252,225 |
| 2023 | $36,166 | $2,684,232 | $1,456,560 | $1,227,672 |
| 2022 | $34,600 | $2,631,600 | $1,428,000 | $1,203,600 |
| 2021 | $34,149 | $2,580,000 | $1,400,000 | $1,180,000 |
| 2020 | $23,062 | $1,603,386 | $840,727 | $762,659 |
| 2019 | $22,231 | $1,571,948 | $824,243 | $747,705 |
| 2018 | $21,860 | $1,541,127 | $808,082 | $733,045 |
| 2016 | $20,797 | $1,481,285 | $776,704 | $704,581 |
| 2015 | $19,306 | $1,360,000 | $708,000 | $652,000 |
| 2014 | $17,792 | $1,200,000 | $625,000 | $575,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/03/2026 09/03/26 | For Sale | $2,800,000 | +8.5% | $300 / Sq Ft | |
| 07/06/2020 07/06/20 | Sold | $2,580,000 | -7.9% | $277 / Sq Ft | View Prior Sale |
| 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 |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,580,000 | Stewart Title Of California | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | Lawyers Title | |
| Grant Deed | $1,335,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | Fidelity | |
| Interfamily Deed Transfer | -- | Fidelity |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,765,000 | Construction | |
| Closed | $1,723,018 | Commercial | |
| Previous Owner | $777,111 | Commercial | |
| Previous Owner | $665,000 | Construction | |
| Previous Owner | $35,000 | Commercial |
Source: The MLS
MLS Number: 26962533
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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