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4639 Lomita St, Los Angeles, CA 90019
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4639 Lomita St Los Angeles, CA 90019

$2,350,000
  • 14 Beds
  • 12 Baths
  • 7,598 Sq.Ft.
For Sale
$2,350,000 Get Pre-Qualified
Map preview of 4639 Lomita St, Los Angeles, CA 90019

Property Overview: 4639 Lomita St Los Angeles, CA has 14 bedrooms, 12 bathrooms, 7,598 living square feet and 9,371 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 1 minute ago | Last updated: May 15th, 2024 | Source CRMLS | DOM: 12
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Home details

Lot Sq. Ft
9,371
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24388399
City
Los Angeles
County
Los Angeles
Time on Site
12 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,498
  • Total Rent: $11,083
  • Pro Forma/Market Rent: $19,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,007
  • Total Rent: $2,013
  • Pro Forma/Market Rent: $5,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.1%
  • Gross Rent Multiplier: 11.52
  • Gross Scheduled Income: --
  • Net Operating Income: $119,886
  • Gross Operating Income: $199,268
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 4639 Lomita St

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split, Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 12
  • Parcel Number: 5071017010
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Venice Boulevard & West of Vineyard Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 4639 Lomita St

View property's historical transactions

  • May, 2024

  • May 6, 2024

    Date

    Active

    CRMLS: 24388399

    $2,350,000

    Price

Tax History for 4639 Lomita St

Assessed Value (2020): $157,568
Year Land Value Improved Value Assessed Value
2020 $36,736 $120,832 $157,568

Home Value Compared to the Market

This property vs the competition

4639 Lomita St is listed 88% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $309.29 per/sqft which puts the price per square foot 60.19% lower than the median price per square foot for the city of Los Angeles.

About 4639 Lomita St

Detailed summary of property

4639 Lomita St is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 14 bedrooms, 12 bathrooms, roughly 7,598 living square feet, and sits on an approximately 9,371 square foot lot. 4639 Lomita St was first listed on ArdentRealEstateGroup.com on May 6, 2024. The homeowner is currently asking $2,350,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 88% higher than the median priced home. Local competing homes currently for sale include 1358 S Cochran Ave, 2533 Lucerne Ave and 1287 S Cochran Ave. While the average home in Los Angeles, CA is selling in 92 days, 4639 Lomita St has a days on market of 12 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 4639 Lomita St Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4639 Lomita St

Public county record property details
Beds
14
Baths
12
Year built
--
Sq. Ft.
7,598
Lot Size
9,731
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
129
APN
5071-017-010

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,599,800
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
70
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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