4639 Lomita Street
$2,350,000
14
12
7,598
7,598
$309
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,...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.
- Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 4639 Lomita Street
Zoning
LARD1.5
Parcel Number5071017010
Total Units12.0
Living Area7598
Source Living AreaAssessor
AreaMid Los Angeles (C16)
Vacancy Rate2
Lot Size Area9371
LISTING UPDATED: 09/19/2024 09:26 AM
Property Details for 4639 Lomita Street
Status | Active |
---|---|
MLS # | 24-388399 |
Days on Market | 179 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1958 |
Lot Size | 0.22 AC / 9,371 SF |
County | Los Angeles County |
Building Information for 4639 Lomita Street
Stories2Residences-Year Built1958Building Size-Lot Size0.22 AC / 9,371 SF
Property Information for 4639 Lomita Street
Property History for 4639 Lomita Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4639 Lomita Street
Taxable ValueLand$728,280Additions$1,457,700Total$2,185,980
Tax Record2024$27,673 ($2,306 / month)
Home Facts
Total Finished SqFt7,598 SqFtAbove Grade Finished SqFt7,598 SqFtLot Size9,731 SqFtStyleMulti-Family Res (5+ Units)ZoningLARD1.5CountyLOS ANGELESAPN5071-017-010
Schools near 4639 Lomita Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Alta Loma Elementary School PublicK to 5 | ||
Johnnie Cochran, Jr., Middle School Public6 to 8 | ||
Los Angeles Senior High School Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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