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4639 Lomita St

Los Angeles, CA 90019
  • $2,350,000
  • STATUS: Active Under Contract
  • ON SITE: 286 Days
  • MLS #: 24-388399
Under Contract
UPDATED: 66 min ago
$2,350,000
  • 14
    BEDS
  • 0.22
    ACRES
  • 12
    BATHS
  • 0
    1/2 BATHS
  • 7,598
    SQFT
  • $309
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Description

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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-17T11:42:37.98. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/150246848
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4639 Lomita St Los Angeles, CA 90019

  • Price: $2,350,000
  • Status: Active Under Contract
  • On Site: 286 Days
  • Updated: 66 min ago
  • MLS #: 24-388399
14
Beds
12
Baths
0
½ Baths
0.22
Acres
7,598
SQFT
$309
$/SQFT
1958
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
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.
Exterior Features

Levels Multi/SplitTwo Lot Size Area 9371 Other Structures None Parking Garage None Total Parking 12

Interior Features

Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 2142000 Disclosures None Gross Income 215230 Gross Operating Income 210213 Like Units1 10 Like Units2 2 Net Operating Income 126535.00 Number Of Buildings 1 Number Of Units 12 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 83677 Type Of Units Residential Year Built Source Assessor Zoning LARD1.5

Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap: 310-909-5500.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-17T11:42:37.98. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
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Indian Wells CA, 92210