$2,579,000
 $13,845 est/mo Sourced by Back At You

135 E 119th,Los Angeles, CA 90061

Los Angeles, CA 90061

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Description

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.

Details

MLS #PW26202351
Listing TypeFor Sale
Sub-TypeNew Construction
StatusActive
Year2026
Days On Site44
Listing Provided ByJustin White | Justin White

Features

SQ Feet8,448
Garage2
Story(s)3
Units4
Building(s)2
Acreage0.20

Exterior

Lot FeaturesTwo To Five Units Acre

Parking

Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesCurbs

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90061
AreaC34 Los Angeles Southwest
Listing VS Median (in 90061)
Price:
$2,579,000
low | high
Med:
$687,500
100% of Average
sqft:
8,448
low | high
Med:
4,710
94.247159090909% of Average
$ / sqft:
$305
low | high
Med:
$250
68.236872413349% of Average
On site:
44
low | high
Med:
71
61.971830985915% of Average
Sourced by Back At You

Market Activity 90061

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Additional Information

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Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90061
AreaC34 Los Angeles Southwest
Listing VS Median (in 90061)
Price:
$2,579,000
low | high
Med:
$687,500
100% of Average
sqft:
8,448
low | high
Med:
4,710
94.247159090909% of Average
$ / sqft:
$305
low | high
Med:
$250
68.236872413349% of Average
On site:
44
low | high
Med:
71
61.971830985915% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 10:18:44 PM PDT