137 E 119th St - Apartments FOR SALE
Los Angeles, CA 90061 |
$2,425,000 USD
424-365-1997
137 E 119th St
Los Angeles, CA 90061
HIGHLIGHTS
- Matthews™ is pleased to present 137 E 119th Street, a newly constructed four-unit multifamily property in South Los Angeles totaling ±7,890 SF
- his non-rent-controlled asset offers a rare opportunity in a rapidly growing, supply-constrained rental market
- Upon stabilization at market rents, the property is projected to achieve a 7.5%–8.0% cap rate, supported by strong income potential
- 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
FOR SALE DETAILS
PRICE
$2,425,000 USD
PRICE/SF
$307 USD /SF
# OF UNITS
4
PRICE/UNIT
$606,250
CAP RATE
7.55%
% LEASED
0%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
2025
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.2 AC
LAND SF
8,712 SF
ZONING
LAR2
APN/PARCEL ID
6083-025-022
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424-365-1997
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424-365-1997
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