4639 Lomita Street, Los Angeles

$2,350,000

Click the arrows next to the image to browse our photo gallery for this property.

3 Beds
2 Baths
7,598 Sqft
.22 Acre
0 Garage

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.

Essential Information

MLS® #
24388399
Price
$2,350,000
Bedrooms
3
Bathrooms
2.00
Square Footage
7,598
Acres
0.22
Year Built
1958
Type
Residential Income
Status
Active

Community Information

Address
4639 Lomita Street
Area
C16 - Mid Los Angeles
City
Los Angeles
County
Los Angeles
Zip Code
90019
Senior Community
N

Amenities

Parking Spaces
12
Parking
None
Garages
None

Interior

# of Stories
2
Stories
Two, Multi/Split

Additional Information

Date Listed
May 6th, 2024
Days on Market
13
Zoning
LARD1.5

Listing Details

Agent
Sean Rosenzweig
Office
Marcus & Millichap

LISTING MAP

Get directions to this property:

Based on information from California Regional Multiple Listing Service, Inc. as of May 19th, 2024 at 6:35pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.