New

$2,425,000

For Sale

3 hours ago

137 E 119Th St, Los Angeles, CA

Name: 137 E 119Th St, For Sale in Los Angeles - eXp Realty
Brand: Matthews Real Estate Investment Services
SKU: 26834197
Price: 2425000 USD

House

MLS® 26834197

22 Bed

24 Bath

7890 sqft

8 Parking

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 7890 sqft

Garage

Taxes

Days Active 0

Lot Size

Approx. Age 2025

Avg. Price Per Sqft $307

MLS® Number 26834197

Property Address: 137 E 119th St, Los Angeles, CA, 90061

Average square foot calculated using Size range provided by listing agent.

Description

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 efficient long-term operations. The property consists of two three-story 7-bed / 7.5-bath townhome-style units and two two-story 4-bed / 4.5-bath units. Each residence is designed to accommodate large households, co-living arrangements, or institutional tenancy. Units feature modern kitchens, in-unit laundry, and quality finishes, offering a fully turnkey, lease-ready product with strong renter appeal. An additional bonus recreation room provides expanded functional space, enhancing livability and increasing overall utility for tenants. Constructed for long-term ownership, the asset includes separately metered utilities and solar, reducing operating expenses and minimizing ongoing maintenance requirements. The townhome-style configuration enhances privacy and livability while maximizing rentable square footage and overall income efficiency. Delivered 100% vacant, 137 E 119th Street is well suited for a range of investment strategies, including traditional long-term hold, co-living operations, or master lease structures. With new construction quality, efficient systems, and strong underlying rental fundamentals, the asset offers a compelling opportunity for durable income and long-term appreciation. 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. Positioned within a high-growth corridor benefiting from ongoing development and infrastructure investment in South Bay and Inglewood.

MLS® Number26834197

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2025

Basement

DrivewayDriveway, Gated, Private

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 14, 2026List Date

$2,425,000List Price

Commute

Commute

Starting Address

Destination Address

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