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156 E 120th St - 156-200 E 120th St 44 Unit Apartment Building Offered at $1,895,000 Los Angeles, CA 90061
Investment Highlights
- Ready to Issue: 44 Units entitled with LADBS
- 3 Story Building, No Parking, No Elevator
- 100% Affordable Housing Project
- Cost Effective Construction Type 5
Executive Summary
READY TO ISSUE! 44 Unit Development Site, 100% Affordable Housing. Located at 156 & 200 E. 120th St, the project offers 38 one-bedroom, one-bath units, and 6 two-bedroom, one-bath units. The approved plans provide a 3-story building with a total area of 31,204 sq. ft. on an 18,486 sq. ft. lot. The opportunity sits in a prime location with proximity to the 110 & 105 freeways, Avalon Blue Line Station & Sofi Stadium. Two APN #s included are 6086-002-011 & 012.
Dropbox Link: https://www.dropbox.com/scl/fo/475es029nyswn3uzgeggc/AHobcL5qDpivIEfBjcNyqJY?rlkey=nlrol73fh3x499ejy2ayl3eq8&e=1&st=xuldi2e2&dl=0
Dropbox Link: https://www.dropbox.com/scl/fo/475es029nyswn3uzgeggc/AHobcL5qDpivIEfBjcNyqJY?rlkey=nlrol73fh3x499ejy2ayl3eq8&e=1&st=xuldi2e2&dl=0
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$90,469
|
$2.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$90,469
|
$2.75
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $90,469 |
| Annual Per SF | $2.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $90,469 |
| Annual Per SF | $2.75 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,895,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $43,068 | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 32,919 SF |
| Sale Condition | Redevelopment Project | No. Stories | 3 |
| No. Units | 44 | Year Built | 2025 |
| Property Type | Multifamily | ||
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| Price | $1,895,000 |
| Price Per Unit | $43,068 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 44 |
| Property Type | Multifamily |
| Apartment Style | Mid-Rise |
| Lot Size | 0.42 AC |
| Building Size | 32,919 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 38 | - | - |
| 2+1 | 6 | - | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $424,482 (2025) | |
| Land Assessment | $1,273,448 (2025) | Total Assessment | $1,697,930 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$1,273,448 (2025)
Improvements Assessment
$424,482 (2025)
Total Assessment
$1,697,930 (2025)
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156 E 120th St - 156-200 E 120th St
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