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$2,800,000

FOR SALE
Active

1148 E 120th Street

Los Angeles, CA

MLS# 26962533

9,328 Sq Ft32bd • 16ba
64 days on marketNalren refreshed

Listing Agent

Jonathan Rawson

Listing Agent

Avenue Realty Group

DRE #: 02010400

(310) 433-4293

Brokerage: Avenue Realty Group

Property Details

32

Bedrooms

16

Bathrooms

9,328 sqft

Square Feet

1957

Year Built

0.42 acres

Lot Size

$300

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

N/A

Property Type

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!

Facts & Features

Interior

Appliances
Dishwasher, Disposal
Interior Features
Ceiling Fans

Building

Year Built
1957
Living Area
9,328 sqft
Building Area Total
9,328
Levels
Two
Stories Total
2

Utilities

Heating
Wall Furnace

Parking

Parking Features
Assigned
Parking Total
16

Community / HOA

HOA
No

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CRMLS

MLS# 26962533

Listed:

Nalren refreshed:

Last updated

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Listed by: Avenue Realty Group

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.