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Listed by Justin White, DRE #01267826 • Justin White
$2,579,000
Est. payment /mo
8,683 Sqft Lot
New
135 E 119th Los Angeles, CA 90061
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26202351
Year Built 2026
Lot Size 8,683 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
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.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Laundry Other
Exterior
Garage Spaces 12.0
Pool None
Building
Water District - Public
Others
Tax ID 6083025022
Special Listing Condition Not Applicable
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