Mohr Real Estate Group

Mohr Real Estate Group

520 W 120th Street Los Angeles CA 90044 MLS #24430909

520 W 120th Street
Los Angeles, CA, 90044
$7,100,000
Beds
0 Baths
SqFt
0.92 Acres
Add
Add
$7,100,000
520 W 120th Street
Los Angeles, CA, 90044
MLS #24430909 img 0MLS #24430909 img 1MLS #24430909 img 2MLS #24430909 img 3MLS #24430909 img 4MLS #24430909 img 5MLS #24430909 img 6MLS #24430909 img 7MLS #24430909 img 8MLS #24430909 img 9

Property Description


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

Price:
$7,100,000
MLS #:
24430909
Status:
Active
Baths:
0
Address:
520 W 120th Street
Type:
Residential Income
Neighborhood:
c36metropolitansouthwest
City:
Los Angeles
Listed Date:
Aug 22, 2024
State:
CA
ZIP:
90044
Lot Size:
39,955 sqft / 0.92 acres (approx)
Year Built:
1956

Schools

Interior

Heating
Wall Furnace

Exterior

Parking Features
Assigned
Parking Spots
50.00
Stories Total
2

Financial

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520 W 120th Street
Los Angeles, CA
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