418 E 120th Street, Los Angeles, CA 90061
- $707,000
- 8
- BD
- 4
- BA
- 2,220
- SqFt
- Sold Price
- $707,000
- List Price
- $699,000
- Closing Date
- Feb 20, 2026
- Status
- CLOSED
- MLS#
- SR25260283
- Year Built
- 1947
- Bedrooms
- 8
- Bathrooms
- 4
- Living Sq. Ft
- 2,220
- Lot Size
- 6,057
- Acres
- 0.14
- Lot Location
- Irregular Lot, Near Public Transit, Street Level
- Days on Market
- 60
- Property Type
- Single Family Residential
- Style
- Bungalow
- Property Sub Type
- Duplex
- Stories
- One Level
Property Description
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.
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Additional Information
- Other Buildings
- Storage
- Appliances
- Gas Range, Range Hood
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Exterior Construction
- Frame, Stucco
- Roof
- Composition, Common Roof
- Sewer
- Public Sewer
- Water
- Public
- School District
- Los Angeles Unified
- Interior Features
- Ceiling Fan(s), Open Floorplan, Tile Counters, Attic
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Levels
- One
- School District
- Los Angeles Unified
Listing courtesy of Listing Agent: Stephanie Vitacco (stephanie@teamvitacco.com) from Listing Office: Equity Union.
Listing sold by Andrea Pazmino-Pace from HomeSmart Realty Group
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.