1922 E 120TH Street

    Los Angeles (City), CA 90059
    • $3,300,000
    • STATUS: Active
    • ON SITE: 115 days
    • MLS #: 19524770
    UPDATED: 11 min ago
    $3,300,000
    • 40
      BEDS
    • 0.48
      ACRES
    • 16
      BATHS
    • 0
      1/2 BATHS
    • 13,536
      SQFT
    • $244
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:

    School Ratings & Info

    Description

    The 120th Street Apartments is a 1991-construction apartment community consisting of two detached properties on two parcels. The properties contain a unique unit mix consisting of eight units that are three-bedrooms with one bathroom and four units that are four-bedrooms with two bathrooms. All entrances are secured and there is ample on-site parking. Units are separately metered for gas and electricity. Units average over 1,100 square feet (Buyer to independently verify), and the average lease rate is only $1.39 per square foot, which is $1,555 per month, which will provide an excellent opportunity for a new owner to increase lease rates. The property consists of two detached two-story walk up buildings situated on two separate parcel numbers on lots totaling approximately 20,976 square feet.

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    Based on information from CARETS as of 2020-02-21T06:53:42.543. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.jelmbergteam.com/homes/100352566

    1922 E 120TH Street Los Angeles (City), CA 90059

    • Price: $3,300,000
    • Status: Active
    • Updated: 11 min ago
    • MLS #: 19524770
    40
    Beds
    16
    Baths
    0
    ½ Baths
    0.48
    Acres
    13,536
    SQFT
    $244
    $/SQFT
    1991
    Built
    Neighborhood:
    Metropolitan South (C37)
    County:
    Los Angeles
    Area:
    Metropolitan South (C37)
    Property Description
    The 120th Street Apartments is a 1991-construction apartment community consisting of two detached properties on two parcels. The properties contain a unique unit mix consisting of eight units that are three-bedrooms with one bathroom and four units that are four-bedrooms with two bathrooms. All entrances are secured and there is ample on-site parking. Units are separately metered for gas and electricity. Units average over 1,100 square feet (Buyer to independently verify), and the average lease rate is only $1.39 per square foot, which is $1,555 per month, which will provide an excellent opportunity for a new owner to increase lease rates. The property consists of two detached two-story walk up buildings situated on two separate parcel numbers on lots totaling approximately 20,976 square feet.
    Exterior Features

    Parking Features Covered Parking Parking Spaces Total 28 Parking Type Tandem

    Interior Features

    Cooling Type Air Conditioning Heating Type Wall Heater Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 2.0 Unit Number Of Bed01 3 Unit Number Of Bed02 4

    Property Features

    Adjusted Gross Income 222067.00 Assessed Improvement Value 332715.00 Assessed Land Value 380246.00 Cap Rate 4.00 Country United States Of America Expense Total Annual 90146.00 Gross Operating Income 223848.00 Gross Rent Multiplier 14.42 Hoa YN N Legal Disclosures No Property Assessments Lot Size Source Public Records Net Operating Income 131920.00 Number Of Buildings 2 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 1470.38 Unit Monthly Rent02 1722.75 Unit Projected Total Monthly Rent01 16800.00 Unit Projected Total Monthly Rent02 9200.00 Unit Total Monthly Rent01 11763.00 Unit Total Monthly Rent02 6891.00 Unit Type01 8 Unit Type02 4 Units Total In Complex 12 Zoning Lcr3*

    Listing provided courtesy of Brent Sprenkle DRE#01290116 of Hendricks-Berkadia.


    Based on information from CARETS as of 2020-02-21T06:53:42.543. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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