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Listed by Justin White, Justin White, Listing Contact: [email protected]

$2,579,000

135 E 119th, Los Angeles CA, 90061

Price per sqftN/A
Built in2026
Property typeResidential

Overview

Active

Listed Sep 15, 2026

Updated 9 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
CRPW26202351

Interior Features

Basement
No

Exterior Features

Lot Size
0.2 Acres

Other Property Details

Garage
Yes
MLS provider logo

Listed by Justin White, Justin White DRE:01267826,
Listing Contact: [email protected] 

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Data last updated 2:30 PM UTC, 9/28/2026

 

 

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