CA > Los Angeles
Los Angeles, CA 90019,4639 Lomita ST
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Los Angeles, CA 90019,4639 Lomita ST
Los Angeles, CA 90019,4639 Lomita ST
Los Angeles, CA 90019,4639 Lomita ST
Los Angeles, CA 90019,4639 Lomita ST
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Zach Cummins

Zach Cummins

+1(360) 393-0217
$ 2,350,000
Est. payment /mo
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Active Under Contract

4639 Lomita ST Los Angeles, CA 90019

14 Beds

12 Baths

7,598 SqFt

UPDATED:

01/14/2025 12:36 AM

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 7,598 sqft

Price per Sqft $309

MLS Listing ID 24388399

Bedrooms 14

HOA Y/N No

Year Built 1958

Lot Size 9,369 Sqft

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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Fireplace No

Exterior

Parking Features None

Total Parking Spaces 12

Building

Story 2

Entry Level Two,Multi/Split

Level or Stories Two, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5071017010

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Sean Rosenzweig • Marcus & Millichap
agent

Zach Cummins

Real Estate Advisor | License ID: DRE 02083898

+1(360) 393-0217

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4639 Lomita ST