1148 E 120th Street, Los Angeles, CA 90059

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
1148 E 120th Street,Los Angeles, CA 90059
$2,800,000
  • 32 Beds
  • 16 Baths
  • 9,328 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan rawson
Office: avenue realty group310-433-4293
MLS#:26962533
Source:CRMLS

Price summary

  • Price:$2,800,000
  • Price per sq. ft.:$300.17

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!

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Home facts

  • Year built:1957
  • Listing ID #:26962533
  • Added:21 day(s) ago
  • Updated:September 24, 2026 at 11:07 AM

Rooms and interior

  • Bedrooms:32
  • Total bathrooms:16
  • Kitchen Description:Dishwasher, Disposal
  • Living area:9,328 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1957
  • Building area:9,328 sq. ft.
  • Lot area:0.42 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$2,800,000
  • Price per sq. ft.:$300.17

Features and amenities

  • Appliances:Dishwasher, Disposal
  • Amenities:Ceiling Fans

Parking

  • Total parking spaces:16
  • Parking description:Assigned
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