We are pleased to offer for sale a 12-unit apartment community located at 4639 Lomita Street. The subject property is located just south of Venice Boulevard and east of La Brea Avenue. This property is being sold as part of a 5 building, 79-unit portfolio that is available individually or any combination as a portfolio purchase. The property is located in a desirable pocket of Mid-City. The building is in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, West Adams, & Koreatown. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on a 9,734 square foot parcel, the property is comprised of 10 one-bedroom units and two, two-bedroom units. The property has 37% remaining rental upside through unit renovations along with on-site parking for every unit and on-site laundry facilities. 4639 Lomita Street offers investors an opportunity to acquire a mid-sized asset in a sought-after in-fill submarket of Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units in order to achieve superior market rents moving forward, makes 4639 Lomita Street an excellent acquisition opportunity.
Property Details
Price:
$2,350,000
MLS #:
24388399
Status:
Active
Baths:
0
Address:
4639 Lomita Street
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
May 6, 2024
State:
CA
ZIP:
90019
Lot Size:
9,371 sqft / 0.22 acres (approx)
Year Built:
1958
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Schools
Interior
Exterior
Parking Features
None
Parking Spots
12.00
Stories Total
2
Financial
Map
Community
- Address4639 Lomita Street Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
4639 Lomita Street
Los Angeles, CA
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