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1148 E 120th St

Los Angeles CA 90059

32
16
16
9328 sq. ft.
18360 sq. ft.
Other
Currently for sale - view listing

Overview

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!

Features

32 bedrooms
16 bathrooms
16 carspaces
9328 sq. ft. floor area
18360 sq. ft. lot size
Other

Property history for 1148 E 120th St

2008
Sold
$347,829
18 Jan 2008

Happy sellers in Los Angeles

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Local market activity for 32 bedroom other properties in Los Angeles

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(619) 566-0008
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