135 E 119th, Los Angeles, California 90061, Los Angeles, 90061 - 0 bed, 0 bath
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135 E 119th
Los Angeles, California 90061
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
8,448Sq Ft
8,683Lot Size
Property Price
LIST PRICE$2,579,000
SUMMARY
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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
This is a brand new construction fourplex (2026) in mint condition. It features modern interior finishes including LVP flooring, recessed lighting, and new HVAC systems, requiring no immediate maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Investment Yield
The property features a rare 8.56% cap rate, offering one of the highest going-in yields for new construction multifamily assets in the California market.
- New Construction Advantages
Built in 2026, this quadruplex provides modern construction standards and systems, ensuring minimal maintenance requirements and lower capital expenditures for years to come.
- Stabilized Corporate Tenancy
Fully occupied by a corporate-backed tenant with a recently executed lease, providing immediate cash flow and reduced management intensity as the tenant covers utilities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8683, other record lot size in square feet = 3669. Living area discrepancy between mls listing and other public or private record. mls listing living area = 8448, other record living area = 1086.
- Geographic Market Sensitivity
Located in the Los Angeles Southwest submarket, the property may be subject to different economic pressures and slower appreciation rates compared to prime Los Angeles coastal or central neighborhoods.
- High Entry Price for Submarket
At a list price of over $2.5 million, the property sits at the higher end of the valuation spectrum for the 90061 zip code, which could impact future resale liquidity.
About 135 E 119th
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 2026
- Lot Size
- 8,683 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 8,448 | 2,090.331 |
| Lot Size | 8,683 | 5,852.908 |
| Price | $2.58M | $830.9K |
| Price per sq ft | $305 | $394 |
| Built year | 2026 | 1928 |
| HOA | $0 | $0 |
| Days on market | 55 | 87 |
Pricing History
Listed for Sale
Sep 15, 2026
$2,579,000
Initial Listing
Sold
Feb 5, 2021
$450,000
Public Record
Sold
May 4, 2011
$149,000
Public Record