Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
32 Beds
16 Baths
9,328 sqft

$2,800,000

1148 E 120th St, Los Angeles CA, 90059

Price per sqft$300.17
Built in1957
Property size9,328 sqft
Property typeMulti-family

Overview

Active

Listed Sep 3, 2026

Updated 8 days ago

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!

$18,628/mo

Est. mortgage payment based on a $2,800,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26962533

Interior Features

Bedrooms
32
Bathrooms
16
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.42 Acres

Listed by Jonathan Rawson with Avenue Realty Group
Listing Contact: 310-869-9137 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor METIS Real Estate, Inc. - CA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2026 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/28/2026

.     

Powered by Luxury Presence