520 120Th StLos Angeles, CA 90044
- Residential income properties
- 7,250 SF
Property Details for 520 120Th St
- Year built
- 1956
- Construction
- WOOD
- Lot size
- 0.31 AC
- Property size (Sq ft)
- 7,250 SF
- Zone code
- LAR3
- Property type
- Residential income properties
- Property subtype
- Other apartment buildings
- APN
- 6117-003-006
- APU
- 6117003006
Description
This exceptional 50-unit apartment building, located at 520-536 W 120th St, Los Angeles, CA 90044, presents a compelling investment opportunity. The property boasts 25,550 square feet on three contiguous lots totaling nearly 40,000 square feet, offering significant potential for future development or expansion. Built in 1956, the building features assigned parking for all 50 units. The current asking price is $7,100,000, translating to an attractive price per unit of $142,000. The property enjoys a current NOI of $375,149, resulting in a 5.28% cap rate. A pro-forma cap rate of 14.97% indicates substantial upside potential for rental income. The property is zoned LAR3 and sits on a large lot (39,955 sq ft), offering flexibility for future plans. Its convenient location near the 110 and 105 freeways provides easy access to major transportation routes. The property's strong cash flow and significant upside potential make it an ideal addition to any investment portfolio. APN: 6117-003-004
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 33.9234
- Longitude
- -118.284
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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