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$ 2,579,000
Est. payment | /mo
11 Beds
11 Baths
8,683 Sqft Lot
$ 2,579,000
Est. payment | /mo
11 Beds
11 Baths
8,683 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26202351
Bedrooms 11
Lot Size 8,683 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
FULLY OCCUPIED REAL 8.56% CAP RATE* We are pleased to present the best priced new construction 4 unit in all of California! Grossing $276k annually (not including annual increases) by a corporate backed tenant, 135 E 119th St offers an opportunity for strong cash flow and minimal management for years to come. Tenant pays for utilities, lease recently executed. Offered at $2,579,000, the Property generates $220,883 of in-place NOI, providing investors with an attractive 8.56% going-in cap rate and basis of $305.28 per gross RSF. The Property represents the highest going-in cap rate for a newly constructed fourplex multifamily asset in California, providing investors with a rare opportunity to acquire recently delivered residential product at an exceptional yield while benefiting from modern construction, stabilized occupancy, and strong in-place cash flow.
Location
State CA
County Los Angeles
Zoning Builder
Direction Going south bound on Main st, Turn turn left on to 119th st.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 6083025022
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Justin White, DRE#01267826 Justin White
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