1148 E 120th Street, Los Angeles, CA 90059
- $2,800,000
- 32
- BD
- 16
- BA
- 9,328
- SqFt
- List Price
- $2,800,000
- Status
- ACTIVE
- MLS#
- 26962533
- Year Built
- 1957
- Bedrooms
- 32
- Bathrooms
- 16
- Living Sq. Ft
- 9,328
- Lot Size
- 18,360
- Acres
- 0.42
- Days on Market
- 8
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
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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Additional Information
- Appliances
- Dishwasher, Disposal
- Heat
- Wall Furnace
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Attached
- Number Of Units Total
- 16
Listing courtesy of Listing Agent: Jonathan Rawson (jon@avenuerg.com) from Listing Office: Avenue Realty Group.
Mortgage Calculator
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