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Investment Highlights

Matthews™ is pleased to present 137 E 119th Street, a newly constructed four-unit multifamily property in South Los Angeles totaling approximately ±7,890SF. The property consists of two 7-bedroom / 7.5-bath residences (±2,445 SF each) and two 4-bedroom / 4.5-bath residences (±1,500 SF each), offering an ideal layout for both traditional and co-living rental strategies. This 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 and efficient long-term operations. With high-quality two- and three-story construction, modern systems including solar panels on all units, and strong underlying rental fundamentals, the asset is well positioned for long-term performance.

Delivered 100% vacant, the property includes two private garages, as well as gated and secured ample on-site parking. 137 E 119th Street is well suited for a variety of investment strategies, including traditional long-term hold, co-living, or master lease structures.

Location Highlights

• 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