615 W 120th Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE UNDER CONTRACT$879,000
615 W 120th Street, Los Angeles, California 90044
0Bed
0Bath
4,244Sqft
8,328Lot
Year Built
1940
Close
-
List price
$879K
Original List price
$899K
Price/Sqft
$207
HOA
-
Days on market
-
Sold On
-
MLS number
CV25185094
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $879.0K(75th), sqft - 4244(94th), beds - undefined(50th), baths - undefined(50th).
What an Amazing Development Opportunity. Seller is offering APPROVED Plans for 4 UNITS x 3bd Two story Apartment Building. Permit Fees ARE PAID. Buyer can CLOSE, Show UP with WORK crew, & Start Building & calling for inspections (Must close Escrow). THIS is Ready to BUILD. Seller submitted an additional plan for 2 ADU's (pending) 1x3bd, 1x2 bd, Buyer can look into NEW 2025 ADU laws for existing UNITS and try for 4 TOTAL ADU's. Zoning is RD-2, Has NOT been used as a RENTAL, which also may be eligible for SB 684 subdivision. Look CLOSER. Start your BUILD NOW!
Nearby schools
3/10
West Athens Elementary School
Public,•K-5•0.5mi
5/10
Figueroa Street Elementary School
Public,•K-5•0.7mi
5/10
One Hundred Eighteenth Street School
Public,•K-5•0.8mi
5/10
Woodcrest Elementary School
Public,•K-5•1.1mi
4/10
Charles W. Barrett Elementary School
Public,•K-5•1.6mi
3/10
Ninety-Fifth Street Elementary School
Public,•K-5•1.8mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•2.2mi
4/10
Manchester Avenue Elementary School
Public,•1-6•2.4mi
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•2.5mi
2/10
Samuel Gompers Middle School
Public,•6-8•0.8mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•1.9mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•3.7mi
9/10
Middle College High School
Public,•9-12•2.3mi
3/10
John C. Fremont Senior High School
Public,•9-12•3.3mi
Price History
Date
Event
Price
09/25/25
Price Change
$879,000-2.2%
09/04/25
Listing
$899,000
05/29/19
Sold
$510,000
Condition Rating
Tear down
The property was built in 1940, making it over 80 years old. The listing explicitly markets it as a 'Development Opportunity' with 'APPROVED Plans for 4 UNITS' and states it's 'Ready to BUILD,' strongly implying the existing structure is intended for demolition to make way for new construction. The single exterior image shows a severely neglected property with an overgrown yard, old roof, and dated security bars, consistent with a property whose value lies solely in the land and its redevelopment potential. No interior images are provided, further suggesting the current structure is not a selling point and is likely unlivable or in extreme disrepair.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Approved Development Plans: The property comes with APPROVED Plans for a 4-unit, 3-bedroom, two-story apartment building, significantly de-risking the development process.
Permit Fees Paid: All permit fees for the approved 4-unit development are already paid, saving the buyer substantial upfront costs and time.
Ready-to-Build Status: The project is described as 'Ready to BUILD,' allowing the buyer to commence construction and inspections immediately after closing escrow.
High ADU Potential: Seller has submitted additional plans for 2 ADUs (1x3bd, 1x2bd) and suggests potential for up to 4 total ADUs under new 2025 laws, maximizing density and income.
Favorable Zoning & Subdivision Eligibility: Zoned RD-2 and potentially eligible for SB 684 subdivision (as it hasn't been used as a rental), offering flexibility for future value creation.
Cons
No Immediate Income Stream: The property has not been used as a rental, meaning there is no existing income stream, and significant investment is required before generating returns.
Substantial Construction Investment Required: While plans are approved, the buyer is responsible for the considerable financial investment and management of the entire multi-unit construction project.
Uncertainty of Additional ADU Approvals: The additional ADU plans are currently 'pending,' not approved, which introduces an element of risk and requires further effort from the buyer to realize this potential.