Thank you
Sean Rosenzweig
Marcus & Millichap
310-909-5500
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.
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Total Bedrooms : 14
Total Baths: 12
Full Baths: 0
Half Baths: 0
Year Built: 1958
Building Area Total: 7,598
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2151
Lot Size Source: Assessor
Lot Size Square Feet: 9371
Original List Price: 2,350,000
Listing Contract Date: 2024-05-06
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5071017010
Garage Description: None
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C16 - Mid Los Angeles
Directions: South of Venice Boulevard & West of Vineyard Avenue
Zoning: LARD1.5
Source Property Type: Residential Income
Area: C16 - Mid Los Angeles
Property Age: 66
Year Built Source: Assessor
Total Square Feet Living: 7598
Levels or Stories: Two,Multi/Split
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3617 W Venice Boulevard, Los Angeles, CA,90019 | $15,950,000 | 56 | -- | 27,448 | 15952 Sqft |
1714 S Marvin Avenue, Los Angeles, CA,90019 | $1,189,000 | 4 | 3 | 1,708 | 6662 Sqft |
4516 St Charles Place, Los Angeles, CA,90019 | $1,210,000 | 5 | -- | 3,097 | 7013 Sqft |
1269 S Citrus Avenue #8, Los Angeles, CA,90019 | $2,895 | 2 | 1 | -- | 6501 Sqft |
4620 Pickford Street, Los Angeles, CA,90019 | $950,000 | 3 | 1 | 1,632 | 5503 Sqft |
1612 S Sierra Bonita Av.., Los Angeles, CA,90019 | $1,650,000 | 3 | 3 | 2,506 | 5652 Sqft |
1385 1385-87 S Orange D.., Los Angeles, CA,90019 | $1,195,000 | 4 | -- | 2,285 | 6218 Sqft |
1415 S St Andrews Place, Los Angeles, CA,90019 | $2,799,000 | 12 | -- | 9,268 | 13166 Sqft |
1325 S Mansfield Avenue, Los Angeles, CA,90019 | $1,475,000 | 4 | -- | 3,087 | 6905 Sqft |
1089 S Orange Drive, Los Angeles, CA,90019 | $1,595,000 | 6 | -- | 3,696 | 9497 Sqft |
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ByOwner last updated this listing 05/19/2024 @ 23:37
MLS: 24388399
LISTED BY: Sean Rosenzweig, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.