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Listed by Justin White, Justin White, Listing Contact: 714-231-2537 
11 Beds
11 Baths

$2,579,000

135 E 119th, Los Angeles CA, 90061

Property typeMulti-family

Overview

Active

Listed Sep 15, 2026

Updated 12 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

Bedrooms
11
Bathrooms
11
Basement
No

Exterior Features

Lot Size
0.2 Acres

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Data last updated 4:14 AM UTC, 9/26/2026

   

 

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