418 E 120th Street, Los Angeles, CA 90061

Local realty services provided by:Nelson Shelton Real Estate ERA Powered
418 E 120th Street,Los Angeles, CA 90061
$699,000
  • 8 Beds
  • 4 Baths
  • 2,220 sq. ft.
  • Single family
  • Pending
Listed by: stephanie vitacco, lorraine casados
Office: equity union
MLS#:SR25260283
Source:CRMLS

Price summary

  • Price:$699,000
  • Price per sq. ft.:$314.86

About this home

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,

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Home facts

  • Year built:1947
  • Listing ID #:SR25260283
  • Added:59 day(s) ago
  • Updated:January 16, 2026 at 11:32 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:2,220 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Roof:Common Roof, Composition
  • Year built:1947
  • Building area:2,220 sq. ft.
  • Lot area:0.14 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$699,000
  • Price per sq. ft.:$314.86
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