137 E 119th Street, Los Angeles, CA 90061
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
137 E 119th Street,Los Angeles, CA 90061
$2,425,000
- 11 Beds
- - Baths
- 7,890 sq. ft.
- Multi-family
- Active
Listed by: nabil awada
Office: matthews real estate investment services
MLS#:CL26834197
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$2,425,000
- Price per sq. ft.:$307.35
About this home
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....
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Home facts
- Year built:2025
- Listing ID #:CL26834197
- Added:82 day(s) ago
- Updated:August 06, 2026 at 02:22 PM
Rooms and interior
- Bedrooms:11
- Living area:7,890 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2025
- Building area:7,890 sq. ft.
- Lot area:0.2 Acres
Finances and disclosures
- Price:$2,425,000
- Price per sq. ft.:$307.35
Parking
- Parking description:Private
Bay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at August 6, 2026New listings near 137 E 119th Street
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