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8,448 sqft

$2,579,000

135 E 119th, Los Angeles CA, 90061

Price per sqft$305.28
Built in2026
Property size8,448 sqft
Property typeMulti-family
Listed by Justin White CA DRE# 01267826 with Justin White 714.231.2537

Overview

Active

Listed Sep 15, 2026

Updated 11 days ago

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.

$17,158/mo

Est. mortgage payment based on a $2,579,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PW26202351

Interior Features

Basement
No

Exterior Features

Lot Size
0.2 Acres

Other Property Details

Garage
Yes
New Construction
Yes
55+/Senior Community
No
MLS provider logo

Listed by Justin White CA DRE# 01267826 with Justin White 714.231.2537

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/26/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/26/2026 at 4:42 AM UTC Last Checked: 4:42 AM UTC

 

 

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