Listed by Matthews
$2,425,000
137 East 119th Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,890
Units 4
Cap Rate 7.55%
NOI $183,121
Tenancy Vacant
Pro-Forma Cap Rate 8%
Pro-Forma NOI $194,001
Price per SqFt $307
Year Built 2025
Buildings 2
Lot Size (SqFt) 8,687
Zoning LAR2
Investment Type Stabilized
Brand New Construction 4-Unit - Multifamily Investment in South LA - 7.55% Cap Rate
Marketing description
Matthews™ is 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, 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 and efficient long-term operations. With high-quality new construction, modern systems, and strong underlying rental fundamentals, the asset is well positioned for long-term performance.
Delivered 100% vacant, 137 E 119th Street is well suited for a variety of investment strategies, including traditional long-term hold, co-living, or master lease structures.
Location Highlights
- 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
Investment highlights
- Superior Yield: Projected 7.5% – 8.0% Cap Rate upon stabilization; exceptional cash-flow potential for the South LA market.
- No Rent Control: Newly constructed asset exempt from AB-1482 and RSO, allowing for market-rate rent growth and unrestricted operations.
- High-Density Units: Features two 7-bed/7.5-bath and two 4-bed/4.5-bath units, optimized for co-living, institutional tenancy, or large households.
- Low OpEx & Solar: Turnkey build with separately metered utilities and solar, significantly reducing landlord expenses and maintenance.
- Immediate Vacancy: Delivered 100% vacant, providing a "blank canvas" for immediate lease-up at 2026 market rents or master lease structures.
- Strategic Location: Proximity to SoFi Stadium, Hollywood Park, and LAX; high-growth corridor with easy access to the 105 and 110 Freeways.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$183,121.00
$15,260.08/mo
Valuation Metrics
0
DSCR
7.55%
Cap Rate
7.55%
ROI
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