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 7–8 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.
For sale
Listing Provided by:
Stephanie Vitacco DRE #00985615 818-576-1685,
Equity Union,
Lorraine Casados DRE #01515350 323-377-9007,
Equity Union
$699,000
418-420 E 120th St, Los Angeles, CA 90061
8beds
4baths
2,220sqft
Est.:
Duplex
Built in 1947
-- sqft lot
$697,400 Zestimate®
$315/sqft
$-- HOA
What's special
- 23 days |
- 274 |
- 15 |
Zillow last checked: 8 hours ago
Listing updated: November 18, 2025 at 10:23am
Listing Provided by:
Stephanie Vitacco DRE #00985615 818-576-1685,
Equity Union,
Lorraine Casados DRE #01515350 323-377-9007,
Equity Union
Source: CRMLS,MLS#: SR25215042
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Rooms
- Room types: Attic, Kitchen, Laundry, Living Room
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Gas Range, Range Hood
- Laundry: Washer Hookup, Inside, Laundry Room
Features
- Ceiling Fan(s), Open Floorplan, Tile Counters, Attic
- Flooring: Tile
- Doors: Mirrored Closet Door(s), Panel Doors
- Windows: Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall,No One Above,No One Below
Interior area
- Total structure area: 2,220
- Total interior livable area: 2,220 sqft
Property
Parking
- Parking features: Concrete, Driveway, Electric Gate, Gated, Shared Driveway
Features
- Levels: One
- Stories: 1
- Entry location: front door
- Pool features: None
- Spa features: None
- Fencing: Block,Chain Link,Wood
- Has view: Yes
- View description: None
Lot
- Size: 6,057 Square Feet
- Features: Irregular Lot, Near Public Transit, Street Level
Details
- Additional structures: Storage
- Parcel number: 6086024023
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Frame, Stucco
- Roof: Composition,Common Roof
Condition
- Turnkey
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Sidewalks
- Security: Security Gate
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $315/sqft
- Date on market: 11/17/2025
- Cumulative days on market: 23 days
- Listing terms: Cash,Cash to New Loan,Conventional
- Road surface type: Paved
Estimated market value
$697,400
$663,000 - $732,000
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/18/2025 | Listed for sale | $699,000$315/sqft |
Source:  CRMLS #SR25215042 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$4,319/mo
Principal & interest
$3398
Property taxes
$676
Home insurance
$245
Climate risks
Neighborhood: Southeast Los Angeles
Nearby schools
GreatSchools rating
- 6/10One Hundred Twenty-Second Street Elementary SchoolGrades: K-5Distance: 0.1 mi
- 3/10Samuel Gompers Middle SchoolGrades: 6-8Distance: 0.7 mi
- 2/10Alain Leroy Locke College Prep AcademyGrades: 9-12Distance: 0.8 mi
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