$2,425,000
137 E 119th Street, Los Angeles CA 90061
Multi-Family (4 Units)
Property type
33 days
On market
$307
Price per sqft
N/A
Garage
2025
Year built
8,689 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Nabil Awada DRE #02046840 310-844-9362, Matthews Real Estate Investment Services
Listing updated: May 22, 2026 at 07:25am.
Last checked: Jun 15, 2026 at 03:01am
Source: CRMLS #26834197
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 7 | 7 | — | $5,750 | $11,500 | $12,000 | Unfurnished |
| 2 | 4 | 4 | — | $4,000 | $8,000 | $8,400 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 0
Separate Water Meters: 4
Dishwasher: 4
Ranges: 4
Refrigerator: 4
Rent Control: No
Units Leased: 0
Tenant Pays: Electricity, Insurance, Trash Collection, Water
Financial Snapshot
Gross Rent Multiplier
10.4x
List Price / Annual Gross Rent
Cap Rate
7.55%
NOI / List Price
Net Operating Income: $183,121
Interior
Interior Features: Recessed Lighting
Room Type: Recreation
Cooling: Central Air
Heating: Central
Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
Exterior
Stories Total: 3
Levels: Multi Split
Window Features: Blinds, Double Pane Windows
Security Features: Fire Detection System, Fire Sprinkler System, Gated Community, Smoke Detectors
Garage and Parking
Parking: Driveway, Gated, Private
Garage: Attached
Parking Total: 8
Lot Information
Land Lease: No
Parcel #: 6083025022
Zoning: LAR2
Lot Size Dimensions: 62x139
Community
HOA: No
Senior Community: No
Community Features: Gated