418 420 E 120th Street, Los Angeles, CA 90061

• 2,220 sqft

Property Description

Situated on a 6,057 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). Both units are subject to AB 1482 protections with only the front unit being subject to the Los Angeles Rent Stabilization Ordinance or RSO (rear unit exempt based on year built), 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.

Listing Status:

Active

Date Added:

November 17, 2025 at 06:00AM

Listing Office:

Equity Union : 818-989-2000

Listing Agent:

Stephanie Vitacco : 818-576-1685

MLS ID:

SR25262202

Interior

• Laundry: Washer HookupInsideLaundry Room
• A/C: Wall/Window Unit(s)
• Heating: Wall Furnace

Construction

• Roofing: CompositionCommon Roof
• General: FrameStucco1

Location

• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: 6086024023
• Fencing: BlockChain LinkWood
• Current Use: Investment

Utilities

• Water: Public

Financial

• Source: CRMLS_CRM

This listing courtesy of Stephanie Vitacco, Equity Union