2238 E 120th Street, Los Angeles, California 90059, Los Angeles, 90059 - 4 bed, 2 bath
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2238 E 120th Street
Los Angeles, California 90059
ACTIVE
CONDITION: POOR
4Beds
2Baths
1,330Sq Ft
9,982Lot Size
Property Price
LIST PRICE$950,000
EST. MARKET VALUE
$910,363
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $950,000—positioned above the $910,364 Fair Market Value. While the property requires significant rehabilitation due to its Condition Rating of 5 and unpermitted structures, it generates a strong $5,780/month in rental income. The expansive 9,982 sqft lot offers substantial upside for future development or ADU expansion. This asset is ideal for Buy-and-Hold Investors or Contractors capable of navigating code compliance to maximize long-term yield.
Estimated Market Value
$910,363
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2238 E 120th Street Subject | $950,000* List Price | 4 | 2 | 1,330 | $684 | - |
A 1718 E 113th Street Active | $750,000 List Price | 2 | 2 | 1,406 | $533 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1972 (>50 years old) with no evidence of recent renovations to the main systems. The property includes multiple unpermitted garage conversions and additional units, indicating significant safety and code compliance issues that require major rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9982, living area = 1330.
- Strong Cash Flow
The property generates a substantial monthly rental income of $5,780, offering an attractive yield for investors seeking immediate revenue from multiple units.
- Expansive Lot Size
Situated on a nearly 10,000-square-foot lot, the property provides significant space for potential future development, expansion, or additional ADU construction.
CONSRISKS & DEFICIENCIES
- Unpermitted Structures
Two of the three rental units are unpermitted garage conversions, which poses significant risks regarding financing, insurance, and potential city code enforcement.
- Limited Disclosure History
Because the seller has never occupied the property, there is a lack of first-hand knowledge regarding the home's maintenance history and underlying condition.
About 2238 E 120th Street
Property features a main 4-bedroom, 2-bath residence currently rented for $3,120/month. In addition, there are two unpermitted areas currently being used as rental units: a 2-bedroom, 1-bath garage conversion generating $1,560/month, and another 2-bedroom, 1-bath unit adjacent to the garage generating $1,100/month. Current combined rental income is approximately $5,780/month. Seller has never occupied the property. Property may be delivered vacant if needed. Seller is willing to address or restore the unpermitted areas toward compliance, subject to required permits and approvals. Buyer to independently verify permits, zoning, use, square footage, rental income and all property information.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 9,982 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,330 | 1,664.159 |
| Lot Size | 9,982 | 6,066.556 |
| Price | $950.0K | $1.35M |
| Price per sq ft | $714 | $806 |
| Built year | 1972 | 1939 |
| HOA | $0 | $278 |
| Days on market | 5 | 55 |
Pricing History
Listed for Sale
Sep 4, 2026
$950,000
Initial Listing
Sold
Sep 17, 2018
$410,000
Public Record
Sold
Dec 1, 2008
$147,000
Public Record
Sold
Oct 31, 2006
$350,000
Public Record
Sold
Jan 26, 2005
$297,000
Public Record
Sold
Dec 7, 2000
$112,000
Public Record