137 E 119th St, Los Angeles, CA 90061
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137 E 119th St, Los Angeles, CA 90061
137 E 119th St, Los Angeles, CA 90061
137 E 119th St, Los Angeles, CA 90061
137 E 119th St, Los Angeles, CA 90061
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Anastasiya Richards

Anastasiya Richards

+1(510) 493-0442
$ 2,425,000
Est. payment /mo
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137 E 119th St Los Angeles, CA 90061

22 Beds

24 Baths

7,890 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,890 sqft

Price per Sqft $307

MLS Listing ID 26834197

Bedrooms 22

Construction Status New Construction

Year Built 2025

Lot Size 8,689 Sqft

Acres 0.1995

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Metropolitan South

Zoning LAR2

Rooms

Other Rooms None

Dining Room 0

Kitchen Quartz Counters

Interior

Interior Features Turnkey, Recessed Lighting

Heating Central

Cooling Central, Wall Unit(s)

Flooring Wood Laminate

Equipment Dishwasher, Microwave, Refrigerator, Solar Panels

Laundry In Unit

Exterior

Parking Features Gated, Private Garage, Driveway, Driveway Gate, Attached

Garage Spaces 8.0

Building

Story 3

Level or Stories Multi/Split

Construction Status New Construction

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Matthews Real Estate Investment Services

NEARBY SCHOOL & BUSINESS

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137 E 119th St

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