135 E 119th, Los Angeles, CA 90061
135 E 119th, Los Angeles, CA 90061
135 E 119th, Los Angeles, CA 90061
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,579,000
Est. payment /mo
8,681 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26202351

HOA Y/N No

Year Built 2026

Lot Size 8,681 Sqft

Property Sub-Type Quadruplex

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

Fireplace No

Laundry Inside

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs

Total Parking Spaces 12

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 3

Sewer Public Sewer

Water Public

New Construction Yes

Others

Senior Community No

Tax ID 6083025022

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Justin White Justin White 714.231.2537, DRE #01267826

NEARBY SCHOOL & BUSINESS

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