Active

137 E 119th Street

Los Angeles, CA 90061

$2,425,000 $10,223/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

7,890

Sqft

8,689

Sqft(Lot)

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 r ecreation 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.

Property Details

Property Type : Residential Income

Price : $2,425,000

AD Id : 78523937

MLS Id : 26834197

Beds : 22

Lot Size : 8,689 Sqft

Living Area Size : 7,890

Year Built : 2025

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 22

Bathroom Information

Total Baths: 24 Full Baths: 0 Half Baths: 0
Interior Features

Interior Features: Recessed Lighting Windows: Blinds,Double Pane Windows Property Appliances: Dishwasher,Microwave,Oven,Range,Refrigerator
Cooling Features

Central Air Air Conditioning

Heating Source

Central Has Heating

Building Information

Year Built: 2025 Building Area Total: 7,890
Security Features

Fire Detection System,Fire Sprinkler System,Gated Community,Smoke Detector(s)

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1995 Lot Size Dimensions: 62x139
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 8689

Listing Price Information

Original List Price: 2,425,000 Listing Contract Date: 2026-05-14
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 6083025022

Garage and Parking

Garage Description: Driveway,Gated,Private Attached Garage: Yes

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Insurance,Trash Collection,Water

Other Property Info

Source Listing Status: Active Source Neighborhood: C37 - Metropolitan South Postal Code Plus 4: 2429 Directions: Exit 105 E to S Vermont, Left on 120th Street, Left on Main Street, Right on 119th Street Zoning: LAR2 Source Property Type: Residential Income Area: C37 - Metropolitan South
Building and Construction

Property Age: 1 Year Built Source: Builder Total Square Feet Living: 7890 Levels or Stories: Multi/Split

Sell a home like this and save $145,001 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
10970 Avalon Boulevard, Los Angeles, CA, 90061	$699,990	4	3	1,805	1,805 SqFt
451 E 111th, Los Angeles, CA, 90061	$549,777	4	3	1,800	1,800 SqFt
442 E 111th, Los Angeles, CA, 90061	$525,000	2	2	1,200	1,200 SqFt
11154 Towne, Los Angeles, CA, 90061	$615,000	3	2	955	955 SqFt
10800 S San Pedro Street, Los Angeles, CA, 90061	$825,000	6	--	2,640	2,640 SqFt
10811 S San Pedro Street, Los Angeles, CA, 90061	$639,000	2	2	980	980 SqFt
11863 S Avalon Boulevard, Los Angeles, CA, 90061	$849,000	3	2	1,902	1,902 SqFt
445 E 119th Street, Los Angeles, CA, 90061	$674,900	3	2	1,200	1,200 SqFt
319 E 113th Street, Los Angeles, CA, 90061	$620,000	4	--	1,666	1,666 SqFt
123 E 108th Street, Los Angeles, CA, 90061	$549,900	3	2	878	878 SqFt

Similar Homes To 137 E 119th Street

Nearby For Sale

Active

$3,275,000

Home For Sale

Redwood Avenue,
Los Angeles, CA, 90066

Bed

Bath

Sqft

Sqft(Lot)

1424 Meadowbrook Avenue,
Los Angeles, CA, 90019

Sqft

Sqft(Lot)

193 N Carmelina Avenue,
Los Angeles, CA, 90049

Bed

Bath

40,510

Sqft(Lot)

$2,790,126

Home For Sale

7810 Kenyon Avenue,
Los Angeles, CA, 90045

Bed

Bath

Sqft

Sqft(Lot)

11415 Link Street,
Los Angeles, CA, 90061

3,544

Sqft(Lot)

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/10/2026 @ 03:09

MLS: 26834197 LISTED BY: Nabil Awada, Matthews Real Estate Investment Services 866-889-0550 SOURCE: CRMLS