1148 E 120th ST, Los Angeles, CA 90059
1148 E 120th ST, Los Angeles, CA 90059
1148 E 120th ST, Los Angeles, CA 90059
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,800,000
Est. payment /mo
32 Beds
16 Baths
9,328 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,328 sqft

Price per Sqft $300

MLS Listing ID 26962533

Bedrooms 32

HOA Y/N No

Year Built 1957

Lot Size 0.421 Acres

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!

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Zoning LAC2

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplace No

Appliance Dishwasher, Disposal

Exterior

Parking Features Assigned

Total Parking Spaces 16

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6086036022

Security Features Security Gate

Special Listing Condition Standard

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Listed by Jonathan Rawson Avenue Realty Group #02010400

NEARBY SCHOOL & BUSINESS

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