137 E 119th ST, Los Angeles, CA 90061
137 E 119th ST, Los Angeles, CA 90061
137 E 119th ST, Los Angeles, CA 90061
75
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$2,425,000
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22 Beds
24 Baths
7,890 SqFt
New

137 E 119th ST Los Angeles, CA 90061

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Andre Hobbs

Andre Hobbs

+1(619) 892-1008

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,890 sqft

Price per Sqft $307

MLS Listing ID 26834197

Bedrooms 22

HOA Y/N No

Year Built 2025

Lot Size 8,690 Sqft

Property 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.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Zoning LAR2

Interior

Interior Features Recessed Lighting

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Microwave, Oven, Range, Refrigerator

Exterior

Parking Features Driveway, Gated, Private

Community Features Gated

Total Parking Spaces 8

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction Yes

Others

Senior Community No

Tax ID 6083025022

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

Acceptable Financing Cash, Conventional, FHA, Freddie Mac

Listing Terms Cash, Conventional, FHA, Freddie Mac

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Nabil Awada Matthews Real Estate Investment Services #02046840

NEARBY SCHOOL & BUSINESS

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Andre Hobbs

Andre Hobbs

San Diego Broker | The Hobbs Valor Group | License ID: 01485241

+1(619) 892-1008

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137 E 119th ST