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.
Features
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: 12
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Address Map
U.S.
California
Los Angeles
Los Angeles
90019
4639 Lomita Street
0
W119° 39' 41.2''
N34° 2' 47.6''
MLS Addon
$0
7,598 Sqft
: No
: No
5.05
127
South of Venice Boulevard & West of Vineyard Avenue
: No
2

Residential Income For Sale Los Angeles

4639 Lomita Street, Los Angeles, Los Angeles, California, 90019

14 Bedrooms
7,598 Sqft
Visits : 7 in 136 days
$2,350,000
Listing ID #24388399
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 24388399
Price : $2,350,000
Bedrooms : 14
Square Footage : 7,598 Sqft
Year Built : 1958
Lot Area : 9,371 Acre
Status : Active
Agent info
Damian M. Ramirez
Damian M. Ramirez
  • 01974515
  • 1213238
  • PWDAMRA
Broker
Broker
A level-headed and composed professional.  Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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