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135 119th, Los Angeles, CA 90061

Los Angeles
Local realty services provided by:CENTURY 21 Masters
135 119th,Los Angeles, CA 90061
$2,579,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: justin white
Office: justin white
MLS#:PW26202351
Source:MLSListings

Price summary

  • Price:$2,579,000

About this home

FULLY OCCUPIED REAL 8.56% CAP RATE* We are pleased to present the best priced new construction 4 unit in all of California! Grossing $276k annually (not including annual increases) by a corporate backed tenant, 135 E 119th St offers an opportunity for strong cash flow and minimal management for years to come. Tenant pays for utilities, lease recently executed. Offered at $2,579,000, the Property generates $220,883 of in-place NOI, providing investors with an attractive 8.56% going-in cap rate and basis of $305.28 per gross RSF. The Property represents the highest going-in cap rate for a newly constructed fourplex multifamily asset in California, providing investors with a rare opportunity to acquire recently delivered residential product at an exceptional yield while benefiting from modern construction, stabilized occupancy, and strong in-place cash flow.

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Home facts

  • Year built:2026
  • Listing ID #:PW26202351
  • Added:42 day(s) ago
  • Updated:October 29, 2026 at 04:37 PM

Structure and exterior

  • Year built:2026
  • Lot area:0.2 Acres

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$2,579,000
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