1148 E 120th Street Los Angeles, CA ^$ 2,800,000

1148 E 120th Street

^$ 2,800,000

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Recently Listed

1148 E 120th Street

Los Angeles, CA, 90059

^$ 2,800,000

Bedrooms32 Baths16.0 Sq 9,328

Monthly Estimate*

^$ 17,679

Listed by Avenue Realty Group

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1148 E 120th Street, Los Angeles, CA 90059 - Image 10

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Multi-Family Home for sale in Los Angeles, CA

for $2,800,000 with 32 bedrooms and 16 full baths. This 9,328 square foot home was built in 1957 on a lot size of 0.4215.

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!

Multi-Family Active

Price

^$ 2,800,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.4215

Year Built

1957

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

26962533

Days on Market

Features

General

Living Area 9328

Heating Wall Furnace

Appliances Dishwasher Disposal

Zoning LAC2

Security Features Security Gate

Year Built 1957

Tenant Pays Electricity Gas

Stories Count 2

Levels Two

Gross Income 266436

County Los Angeles

Net Operating Income 150168

New Construction false

Property Type Residential Income

HOA false

Full Baths 0

Special Listing Conditions Standard

Status Active

Directions West of Central South of 105 North of El Segundo Blvd East of Avalon

City Los Angeles

Senior Community Y/N false

Number Of Units Total 16

MLS Area C37 - Metropolitan South

Lot Size Units Square Feet

Lot Size Square Feet 18360

Property Attached Y/N true

Additional Parcels Y/N false

Rent Control Y/N true

Standard Status Active

Cap Rate 5.36

Interior

Interior Amenities Ceiling Fan(s)

Total Stories 2

Common Walls 1 Common Wall

Heating Y/N true

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 32

Total Baths 16

Exterior

Parking Features Assigned

Total Parking 16

Lot Size Area 18360

Number of Buildings 2

Building Area Total 9328

Lot Size Acres 0.4215

* Excluded Features

List By

Avenue Realty Group

Broker

jon@avenuerg.com

Affordability Calculator

$17,679

Per Month

Monthly Principal & Interest: $17,679
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,864,230

Percent of Sale Price 33%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

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Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
9/3/2026	$2,800,000		Listed Price

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1148 E 120th Street, Los Angeles, CA, 90059 is a Multi-Family Home for sale at $2,800,000 with 9,328 sqft and a lot size of 0.4215. 1148 E 120th Street has 32 bedrooms, 16.0 baths, and was built in 1957. The property's zip code is 90059 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 9/5/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1148 E 120th Street

Multi-Family Home for sale in Los Angeles, CA

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