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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 45% 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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Additional Information
Marcus & Millichap
0
CLW-C107850
CLW-X7515101
Sean
5071017010
: Standard
Multi/Split,Two
32

Multi-Family For Sale

4639 Lomita Street, Los Angeles, California 90019

7,598 Sqft
$2,350,000
Listing ID #24388399
Basic Details
Status : Active
DaysOnMarket : 56
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24388399
Price : $2,350,000
Living Area : 7,598 Sqft
Lot Size : 9,371 Sqft
Year Built : 1958
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90019
Price Per Square Foot : $309
ModificationTimestamp : 2024-07-01 12:38:58
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