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137 E 119th St
Los Angeles, CA 90061 Harbor Gateway North

$2,425,000 USD

Apartments For Sale  •  7,890 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,890 SF
  • Lot Size 0.2 AC
  • Building Class B
  • Year Built 2025
  • Cap Rate 7.55 %
  • Zoning LAR2
60 Transit Score
50 Walk Score

Highlights

Matthews™ is pleased to present 137 E 119th Street, a newly constructed four-unit multifamily property in South Los Angeles totaling ±7,890 SF
his 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
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
Cap Rate: 7.55 %

Public Transportation

Transit/SubwayDriveWalkDistance
Avalon Station (Green Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 11 min 0.6 mi
Harbor Fwy Station (Green Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 17 min 0.9 mi
AirportDriveWalkDistance
Los Angeles International 15 min - 9.8 mi
Long Beach (Daugherty Field) 20 min - 13.4 mi
Bob Hope 35 min - 26.6 mi
Christopher Burcin 424-365-1997 Matthews Real Estate Investment Services
Christopher Burcin 424-365-1997 Matthews Real Estate Investment Services