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.
Sold for $707,000
Listed by: Equity Union • Stephanie Vitacco • Contact: 818-576-1685
Bought with: HomeSmart Realty Group
$707,000
418 E 120th St, Los Angeles, CA 90061
8beds
2,220sqft
Duplex
Built in 1947
6,057 Square Feet Lot
$708,500 Zestimate®
$318/sqft
$3,975 Estimated rent
Home value
$708,500
$645,000 - $779,000
$3,975/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Stephanie Vitacco DRE #00985615 818-298-6458,
Equity Union,
Lorraine Casados DRE #01515350 323-377-9007,
Equity Union
Bought with:
Andrea Pazmino-Pace, DRE #02013784
HomeSmart Realty Group
Source: CRMLS,MLS#: SR25260283
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 4
- Main level bedrooms: 7
Rooms
- Room types: Attic, Kitchen, Laundry, Living Room
Bathroom
- Features: Bathtub, Separate Shower, Tub Shower
Kitchen
- Features: Tile Counters
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Gas Range, Range Hood
- Laundry: Washer Hookup, Inside, Laundry Room
Features
- Ceiling Fan(s), Open Floorplan, Tile Counters, Attic
- Flooring: Tile
- Doors: Mirrored Closet Door(s), Panel Doors
- Windows: Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: Item1CommonWall,No One Above,No One Below
Interior area
- Total interior livable area: 2,220 sqft
Property
Parking
- Parking features: Concrete, Driveway, Electric Gate, Gated, Shared Driveway
Features
- Levels: One
- Stories: 1
- Entry location: front door
- Pool features: None
- Spa features: None
- Fencing: Block,Chain Link,Wood
- Has view: Yes
- View description: None
Lot
- Size: 6,057 Square Feet
- Features: Irregular Lot, Near Public Transit, Street Level
Details
- Additional structures: Storage
- Parcel number: 6086024023
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Frame, Stucco
- Roof: Composition,Common Roof
Condition
- Turnkey
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Sidewalks
- Security: Security Gate
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $318/sqft
- Tax assessed value: $309,077
- Annual tax amount: $4,398
- Date on market: 11/17/2025
- Cumulative days on market: 124 days
- Listing terms: Cash,Cash to New Loan,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/20/2026 | Sold | $707,000+1.1%$318/sqft |
Source:  CRMLS #SR25260283 Report a problem | ||
| 1/16/2026 | Pending sale | $699,000$315/sqft |
Source: CRMLS #SR25260283 Report a problem | ||
| 11/18/2025 | Listed for sale | $699,000+26.4%$315/sqft |
Source: CRMLS #SR25260283 Report a problem | ||
| 3/27/2006 | Sold | $553,000+81.3%$249/sqft |
Source: Public Record Report a problem | ||
| 12/12/2003 | Sold | $305,000$137/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,398 +1.9% | $309,077 +2% |
| 2024 | $4,317 +1.8% | $303,018 +2% |
| 2023 | $4,242 +4.4% | $297,077 +2% |
| 2022 | $4,063 +1.5% | $291,253 +2% |
| 2021 | $4,004 -0.8% | $285,543 +1% |
| 2020 | $4,036 | $282,616 +2% |
| 2019 | $4,036 +7% | $277,076 +2% |
| 2018 | $3,771 | $271,644 +2% |
| 2017 | $3,771 +2.2% | $266,318 +2% |
| 2016 | $3,689 +2.9% | $261,097 +1.5% |
| 2015 | $3,585 +1% | $257,176 +2% |
| 2014 | $3,550 | $252,139 -40.4% |
| 2012 | -- | $423,225 -28.3% |
| 2011 | -- | $589,862 +0.8% |
| 2010 | -- | $585,455 -0.2% |
| 2009 | -- | $586,847 +2% |
| 2008 | -- | $575,341 +2% |
| 2007 | -- | $564,060 +61.8% |
| 2006 | -- | $348,534 |
| 2005 | -- | $348,534 +4% |
| 2004 | -- | $335,000 +274.1% |
| 2003 | -- | $89,544 +2% |
| 2002 | -- | $87,790 +29.4% |
| 2000 | -- | $67,860 |
Find assessor info on the county website
Neighborhood: Southeast Los Angeles
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Nearby schools
GreatSchools rating
- 7/10One Hundred Twenty-Second Street Elementary SchoolGrades: K-5Distance: 0.1 mi
- 3/10Samuel Gompers Middle SchoolGrades: 6-8Distance: 0.7 mi
- 3/10Alain Leroy Locke College Prep AcademyGrades: 9-12Distance: 0.9 mi
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Estimated market value
$708,500
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Estimated market value
$708,500
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