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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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
Listed by Justin White, DRE #01267826 • Justin White
$2,579,000
Est. payment /mo
8,683 Sqft Lot
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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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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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