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.
Property Details
Price:
$2,425,000
MLS #:
26834197
Status:
Active
Beds:
22
Baths:
24
Type:
Single Family
Neighborhood:
c37metropolitansouth
Listed Date:
May 14, 2026
Finished Sq Ft:
7,890
Total Sq Ft:
7,890
Lot Size:
8,689 sqft / 0.20 acres (approx)
Year Built:
2025
See this Listing
Schools
Interior
Appliances
DW, MW, RF, OV, RA
Cooling
CA
Heating
CF
Interior Features
RECL
Levels
S
Exterior
Attached Garage YN
1
New Construction YN
1
Parking Spots
8
Parking Total
8
Security Features
FSDS, FS, GC
Window Features
BLI, DPW
Financial
Map
Community
- Address137 E 119th ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90061
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Jul 07, 2026
7,141
Single Family Listed
85
Avg DOM
432
Avg $ / SqFt
$1,647,914
Avg List Price
Property Summary
- 137 E 119th ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90061. It is listed for $2,425,000 and features 22 beds, 24 baths, and has approximately 7,890 square feet of living space, and was originally constructed in 2025. The current price per square foot is $307. The average price per square foot for Single Family listings in Los Angeles is $432. The average listing price for Single Family in Los Angeles is $1,647,914.
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137 E 119th ST
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