THIS PROPERTY IS AVAILABLE FOR PURCHASE INDEPENDENTLY OR AS PART OF A 4 PROPERTY, 118 UNIT PORTFOLIO. Introducing, for the first time on market in over 20 years, a unique opportunity to purchase this four multifamily property portfolio comprised of 118 units in the heart of Los Angeles. The collection includes four large properties that sit on a total of seven parcels and almost 100K sf of land. Each building ranges from 17 to 50 units and has plenty of onsite parking, independent meters for gas and electricity, and various recent upgrades. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize the 75% upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historical low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently at $3,915 for 3-bedroom units, $3,052 for 2-bedroom units, $2,407 for 1-bedroom units, and $2,132 for studio units. The properties are strategically located near access to major freeways, employment, entertainment, and transportation options. SoFi Stadium (LA Rams), the new Intuit Dome (LA Clippers), BMO Stadium (Angel City FC), Los Angeles International Airport, are all within minutes of any of the subject properties.
Property Details
Property Features
Property Information:
Year Built: 1956
Stories: 2
Living Area: 25,550 SqFt
Listing Office:
Office Name: Remax Commercial and Investment Realty
Office Phone: (213) 817-1000
Listing Agent: Enrique Viramontes
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 50
Exterior Features
Parking Information:
Parking: Assigned
Lot Features
Lot Information:
Lot Size: 0.92 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Other
Directions Information:
Directions: Located on W 120th st, just west of S Figueroa St
Price Information
Listing Price Info
Price Summary:
List Price: $7,100,000
Price Per SqFt: $278/SqFt
Tax Information:
Annual Amount: $13,772
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $6.0M more than the Median Sold Price and $362/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24430909
Listing Office:
Office Name: Remax Commercial and Investment Realty
Office Phone: (213) 817-1000
Listing Agent: Enrique Viramontes
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 1:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 14, 2004
Sep 14, 2004Home Sold
$3,000,000
Oct 18, 1989
Oct 18, 1989Home Sold
$1,950,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$13,772
$922,025
2020
$13,401
$912,571
2019
$13,100
$894,679
2018
$12,787
$877,137
2017
$12,787
$859,939
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
West Athens Elementary School
1110 W 119th St
Distance between this listing and this school0.57 miles
Public District Grades PK-5
4
/10
118th Street Elementary
144 E 118th St
Distance between this listing and this school0.71 miles
Public District Grades KG-5
3
/10
Figueroa Street Elementary School
510 W 111th St
Distance between this listing and this school0.76 miles
Public District Grades KG-5
Nearby Schools
3
/10
Samuel Gompers Middle School
234 E 112th St
Distance between this listing and this school1.01 miles
Public District Grades 6-8
4
/10
Ingenium Clarion Charter Middle School
13305 S San Pedro St
Distance between this listing and this school1.12 miles
Public Charter Grades 6-8
4
/10
Alliance Jack H. Skirball Middle School
603 E 115th St
Distance between this listing and this school1.19 miles
Public Charter Grades 6-8
Nearby Schools
5
/10
University Pathways Medical Magnet Academy
11227 S San Pedro St
Distance between this listing and this school1.01 miles
Public Magnet Grades 9-12
3
/10
Animo Compton Charter
13305 S San Pedro St
Distance between this listing and this school1.12 miles
Public Charter Grades 6-12
6
/10
Animo Watts College Preparatory Academy
12628 Avalon Blvd
Distance between this listing and this school1.16 miles
The neighbors living near this home have an average income of $36,096. Most Los Angeles, CA residents have annual incomes less than $35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 520 W 120th St
What is the listing price of this property?
The listing price of 520 W 120th St property is $7,100,000.
What type of property is this?
The property 520 W 120th St is a house located in Los Angeles, California, 90044.
Is this property for sale now?
Active Listing: 520 W 120th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $13,772 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 14, 2004 for $3,000,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 520 W 120th St has 50 bedrooms and 50 bathrooms.
What is the square footage of this property?
The property 520 W 120th St is 25,550 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 520 W 120th St is 1956.
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This home is located at 520 W 120th St in Los Angeles, CA and zip code 90044 in the Harbor Gateway neighborhood. This 25,550 square foot home, which was built in 1956, sits on a 0.92 acre lot. Features: 50 bedrooms, 50 bathrooms. It has been listed on Rocket Homes since August 22, 2024 and is currently priced at $7,100,000.
Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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