4639 Lomita Street, Los Angeles, CA 90019

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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.


Interior Features

Bedroom Information
Bedrooms 14
Bathroom Information
Bathrooms 12

Listing Information

Address 4639 Lomita Street
City Los Angeles
State CA
Zip 90019
County Los Angeles
Listing Agent Sean Rosenzweig DRE #01406343
Courtesy Of Marcus & Millichap
List Price $2,350,000
Status Active
Type Residential Income
Structure Size 7,598
Lot Size 9,371
Year Built 1958

Listing information courtesy of: Sean Rosenzweig, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:05 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.