135 E 119th, Los Angeles, CA — listing photo 1
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FOR SALENew Listing

135 E 119th

Los Angeles, CA 90061
8,683 Lot Sq Ft
Built 2026
$2,579,000

Property Overview

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.

Home Details

Property type
Residential Income - Quadruplex
Year built
2026
Lot size
8,683 sq ft
Parking
12 spaces
Garage
2 spaces
Stories
3
Days on market
10
MLS status
Active

Features & Amenities

Pool

  • None

Lot

  • Two To Five Units Acre

Community, Schools & Utilities

Community

New construction
Yes

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

135 E 119th

Los Angeles, CA 90061

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Frequently Asked Questions About 135 E 119th

Property type: Residential Income

The current asking price is $2,579,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 135 E 119th. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 2026. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 10 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

Get More Info

Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Justin White
MLS ID: PWWHITJUS

Available property

$2,579,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.