$ 2,425,000
-
$2,425,000
Price -
11
Bed -
11
Bath -
7,890
SqFt
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About the Listing CLW-X81530 - CLW-C135634
We are pleased to present 137 E 119th Street, a newly constructed four-unit multifamily property in South Los Angeles, this non-rent-controlled asset offers a rare opportunity in a rapidly growing and supply-constrained rental market. Upon stabilization at market rents, the property is projected to generate a7.5%-8.0% cap rate, supported by strong income performance and efficient long-term operations. The property consists of two three-story 7-bed / 7.5-bath townhome-style units and two two-story 4-bed / 4.5-bath units. Each residence is designed to accommodate large households, co-living arrangements, or institutional tenancy. Units feature modern kitchens, in-unit laundry, and quality finishes, offering a fully turnkey, lease-ready product with strong renter appeal. An additional bonus recreation room provides expanded functional space, enhancing livability and increasing overall utility for tenants. Constructed for long-term ownership, the asset includes separately metered utilities and solar, reducing operating expenses and minimizing ongoing maintenance requirements. The townhome-style configuration enhances privacy and livability while maximizing rentable square footage and overall income efficiency. Delivered 100% vacant, 137 E 119th Street is well suited for a range of investment strategies, including traditional long-term hold, co-living operations, or master lease structures. With new construction quality, efficient systems, and strong underlying rental fundamentals, the asset offers a compelling opportunity for durable income and long-term appreciation. Located in South Los Angeles with strong rental demand driven by proximity to major employment and entertainment hubs. Minutes from SoFi Stadium, Kia Forum, and Hollywood Park, a growing mixed-use destination with retail, dining, and entertainment. Convenient access to the 105 & 110 Freeways and close to LAX, supporting strong connectivity for tenants. Positioned within a high-growth corridor benefiting from ongoing development and infrastructure investment in South Bay and Inglewood.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
26834197
Year Built
2025
Total Square Footage
7,890
Lot/Acreage
0.2
County
Los Angeles
Interior Details
- Bedrooms: 11
- Bathrooms: 11 Full
- Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Recessed Lighting
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Lot Dimensions: 62x139
- Zoning: LAR2
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Driveway,Gated,Private
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6083025022
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
137 E 119th St Los Angeles, CA 90061
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