4639 Lomita Street, Los Angeles, CA 90019 (MLS # 24388399)

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PRICE $2,350,000 dsIDX morgage calculator
BEDS 14
BATHS 12
HOME SIZE 7,598 sqft
LOT SIZE 9,370 sqft
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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 44% 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.

DAYS ON MARKET 13 LAST UPDATED 5/6/2024
YEAR BUILT 1958 COMMUNITY C16 - Mid Los Angeles
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AREA C16 - Mid Los Angeles
LOT 9370 sq ft
PARKING None
STORIES Two, Multi/Split
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Listing provided by : Sean Rosenzweig, Marcus & Millichap

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