858-525-5007

135 119th, Los Angeles CA 90061 | $2,579,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 8683 Lot Sq Ft
  • Type: Quadruplex
  • Stories: 3
  • Year Built: 2026
  • MLS#: PW26202351
  • Community: C34 - Los Angeles Southwest

Listing provided courtesy of Justin White of Justin White. Last updated 2026-09-23 08:10:56.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.2 Acres
3 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985