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$2,800,000
Est. payment /mo
32 Beds
16 Baths
9,328 SqFt
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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