$699,000
$51K PRICE DROP

418 420 E 120th St Los Angeles, CA 90061

Estimated payment $4,383/month

8 Beds
4 Baths
2,220 Sq Ft
$315 Price per Sq Ft

Highlights

  • No Units Above
  • Open Floorplan
  • Attic
  • Auto Driveway Gate
  • Property is near public transit
  • No HOA

About This Home

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.

Listing Agent

Stephanie Vitacco

Equity Union License #00985615 Listed on: 11/17/2025

Equity Union

Co-Listing Agent

Lorraine Casados

Equity Union License #01515350

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,057 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Level Lot
  • Irregular Lot

Home Design

  • Duplex
  • Bungalow
  • Entry on the 1st floor
  • Turnkey
  • Frame Construction
  • Composition Roof
  • Common Roof
  • Stucco

Interior Spaces

  • 2,220 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Double Pane Windows
  • Panel Doors
  • Living Room
  • Tile Flooring
  • Attic

Kitchen

  • Gas Range
  • Range Hood
  • Tile Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Mirrored Closets Doors
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • Parking Available
  • Shared Driveway
  • Auto Driveway Gate
  • Paved Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Outdoor Storage
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 461
  • Assessor Parcel Number 6086024023

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Water Sewer Expense $2,900
  • Operating Expense $5,400
  • Net Operating Income $29,535

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate
  • View: No
  • Water Sewer Expenses: 2900.00
  • Architectural Style: Bungalow
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6086024023
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Open Floorplan, Tile Counters
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Tile
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s), Panel Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 314.86
  • Room Type: Attic, Kitchen, Laundry, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Other Structures: Storage
  • Fence: Yes
  • Fencing: Block, Chain Link, Wood
  • Pool Private: No
  • Roof: Common Roof, Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Driveway, Concrete, Gated, Shared Driveway

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Range Hood
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Irregular Lot, Near Public Transit
  • Lot Size Sq Ft: 6057.00
  • Lot Size Acres: 0.1390

Multi Family

  • Gross Scheduled Income: 39535.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 6057.0000 Square Feet
  • Net Operating Income: 29535.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 10000.00
  • Rent Control: Yes
  • Total Expenses: 5400.00

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 461

Map

Range of Values:

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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
11/17/2025 11/17/25 For Sale $749,900 -- $338 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25215042

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90061

418 420 E 120th St, Los Angeles, CA

For Sale

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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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Stephanie Vitacco
Listing Agent
Stephanie Vitacco
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Equity Union
(818) 298-1187