520-536 120Th St Los Angeles, CA 90044

Property Details for 520-536 120Th St

Year built

1956

Property size

10,432 SF

Property type

Apartment buildings

Description

This exceptional multifamily investment opportunity comprises four distinct apartment buildings totaling 118 units in Los Angeles, CA. The portfolio boasts a substantial total square footage ranging from 10,432 to 29,504 square feet, situated on approximately 100,000 square feet of land across seven parcels. The buildings, constructed between 1939 and 1963, offer a mix of unit sizes, including studios, one-, two-, and three-bedroom apartments, with ample on-site parking. Individual buildings feature unit counts ranging from 16 to 50, providing diversification and potential for phased renovations or upgrades. The portfolio currently generates a strong Net Operating Income (NOI) of $2,702,208, representing a compelling 13.79% capitalization rate and a price per unit of $166,102. The asking price for the entire portfolio is $19,600,000. Several buildings have undergone recent improvements, including soft story retrofits and roof replacements. The properties are strategically located in South Los Angeles, near major freeways, employment centers, entertainment venues, and transportation options, including proximity to SoFi Stadium, Intuit Dome, and LAX. This portfolio presents a rare opportunity to acquire a substantial multifamily asset with significant upside potential in a high-demand market. The properties are located at 520-536 W 120th St (90044), 3018 W 67th St (90043), 442 W 93rd St (90003), and 10507-10511 S Figueroa St (90003), with Assessor Parcel Numbers: 6117-003-004, 6117-003-005, 6117-003-006, 4008-011-001, 6039-005-001, 6061-025-026, and 6061-025-027.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.284

Latitude

33.9234