$2,350,000
4639 Lomita Street, Los Angeles 90019
3
Beds
2
Baths
7,598
Square feet
9,371
Lot Size
12
# Of Units
Listing Agent
Sean Rosenzweig - Marcus & MillichapWe 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.
Facts & Features
MLS® # | 24388399 |
---|---|
Price | $2,350,000 |
Bedrooms | 3 |
Bathrooms | 2.00 |
Square Footage | 7,598 |
Lot Size | 9,371 |
Year Built | 1958 |
Type | Residential Income |
Status | Active |
# Of Units | 12 |
Community Information
Address | 4639 Lomita Street |
---|---|
Area | C16 - Mid Los Angeles |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90019 |
Amenities
Parking Spaces | 12 |
---|---|
Parking | None |
Garages | None |
Is Waterfront | No |
Has Pool | No |
Interior
Has Basement | No |
---|---|
Fireplace | No |
# of Stories | 2 |
Stories | Two, Multi/Split |
Additional Information
Date Listed | May 6th, 2024 |
---|---|
Days on Market | 23 |
Zoning | LARD1.5 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Sean Rosenzweig |
---|---|
Office | Marcus & Millichap |