135 E 119th, Los Angeles, CA 90061
- $2,579,000
- List Price
- $2,579,000
- Status
- ACTIVE
- MLS#
- PW26202351
- Year Built
- 2026
- Lot Size
- 8,683
- Acres
- 0.20
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
Property 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.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $276,000
- Operating Expense
- 46838
- Garage Spaces
- 2
- Parking Spaces
- 12
Listing courtesy of Listing Agent: Justin White (thesbgbp@gmail.com) from Listing Office: Justin White.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.