418 E 120th Street, Los Angeles, CA 90061 (MLS # SR25260283)
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Situated on a 6,057.2 sq ft lot in the Southeast Los Angeles Community Plan area, this rare investment opportunity offers both immediate rental income and significant redevelopment potential. The property features two tenant-occupied units, both identical in size with 4 bedrooms and 2 bathrooms: a front residence built in 1947 and a rear residence constructed in 2003. With R3-XL-CPIO zoning and location within a Transit Oriented Communities (TOC) Tier 3 and State Density Bonus eligibility area, the site provides multiple density pathways, ranging from a base entitlement of 78 units to as many as 20 units under applicable incentives such as TOC, State Density Bonus, and SELA CPIO programs (buyer to verify). The front unit is subject to the Los Angeles Rent Stabilization Ordinance (RSO) and AB 1482 protections, while the back unit is subject to AB 1482, offering stability of tenancy alongside clear legal frameworks for future planning. Conveniently located near major transit corridors, shopping, dining, schools, and recreation, this parcel presents an exceptional opportunity for builders, developers, or investors seeking both current cash flow and long-term upside in a rapidly evolving Los Angeles submarket.
| DAYS ON MARKET | 1 | LAST UPDATED | 11/17/2025 |
|---|---|---|---|
| YEAR BUILT | 1947 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Range |
| CONSTRUCTION | Frame, Stucco |
| LOT | 6055 sq ft |
| LOT DIMENSIONS | 4,000-7,499 SF |
| PARKING | Gated |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Craftsman/Bungalow |
| WATER | Public |
TOTAL MONTHLY PAYMENT
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Properties on this website was last updated as recently as 11/18/25 5:13 AM PST.
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