Real estate listing preview #1Real estate listing preview #2Real estate listing preview #3Real estate listing preview #4Real estate listing preview #5
listing
1 of 5
Residential IncomeFor Sale
$2,350,000
4639 Lomita Street
Los Angeles, CA 90019
Listed by Sean Rosenzweig DRE#01406343 thesrgroup@marcusmillichap.com Marcus & Millichap
MLS: California Regional MLS (CRMLS)
14Beds
12Baths
7,598Sq Ft
Est. Mortgage
$12,230/mo

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.

Get in touch
Information courtesy of Marcus & Millichap is subject to verification and is not guaranteed.
Community / School Information