Property Detail

Description

We are pleased to present the best priced new construction 4 unit in all of California! 135 E 119th St offers an opportunity for strong cash flow with the benefits of modern construction, and no rent control! Offered at $2,579,000, the Property provides 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 in California, providing investors with a rare opportunity to acquire recently delivered residential product at an exceptional yield.