About this home

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!

Facts and features

Schools

• One Hundred Sixteenth Street Elementary School

  elementary · K-5 · 0.5 mi

  5

• Samuel Gompers Middle School

  middle · 6-8 · 1.1 mi

  3

• King/Drew Medical Magnet High School

  high · 9-12 · 0.6 mi

  9

• Los Angeles Adventist Academy

  elementary · K-12 · 0.6 mi

• Los Angeles Adventist Academy

  elementary · K-8 · 0.6 mi

• Animo Watts College Preparatory Academy

  high · 9-12 · 0.6 mi

  6

Price history

• Sep 3, 2026 · Listed$2,800,000
• Jul 6, 2020 · Sold$2,580,000
• Apr 1, 2008 · Listing Removed$1,400,000
• Jan 18, 2008 · Sold$1,335,000
• Oct 1, 2007 · Listed$1,400,000
• Sep 15, 2000 · Sold$400,000
• Jun 2, 1987 · Sold$480,000

Tax history

• 2025$37,367 tax · $2,848,526 assessed
• 2024$36,846 tax · $2,792,673 assessed
• 2023$36,165 tax · $2,684,232 assessed
• 2022$34,599 tax · $2,631,600 assessed
• 2021$34,149 tax · $2,580,000 assessed
• 2020$23,061 tax · $1,603,386 assessed
• 2019$22,230 tax · $1,571,948 assessed
• 2018$21,859 tax · $1,541,127 assessed

Home value

$3,545,663

• Quantarium$3,545,663

Where it is