7 months on rocket

4639 Lomita St, Los Angeles, CA, 90019

$2,350,000

Home List Price

$10,000*

Closing Credit

14 Bedrooms
12 Baths
7,598 SqFt
$309/SqFt
House

Location

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4639 Lomita St, Los Angeles$2,350,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNone
Year Built1958
MLS #24388399
Lot Size0.22 Acres
StatusActive

About 4639 Lomita St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1958
  • Stories: 2
  • Living Area: 7,598 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Sean Rosenzweig

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 14

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Other

Directions Information:

  • Directions: South of Venice Boulevard & West of Vineyard Avenue

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,350,000
  • Price Per SqFt: $309/SqFt

Tax Information:

  • Annual Amount: $3,255
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

4639 Lomita St vs Los Angeles

229 DAYS ON ROCKET

+191 Days

$2,350,000

+$1.3M More

$309/SqFt

-$331 Less

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $331/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24388399

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Sean Rosenzweig

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 9:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,255$159,188
2020$3,191$156,428
2019$2,997$153,362
2018$2,912$150,356
2017$2,912$147,409

History based on county public records data.

Payment Calculator

$11.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,112

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-934738
5
/10

  • Alta Loma Elementary School

  • 1745 Vineyard Ave

  • 0.24 miles

  • Public District Grades KG-5

school-card-donut-934739
6
/10

  • Queen Anne Place Elementary School

  • 1212 Queen Anne Pl

  • 0.59 miles

  • Public District Grades KG-5

school-card-donut-934740
4
/10

  • City Language Immersion Charter

  • 4001 Venice Blvd

  • 0.80 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,552. Residents of Los Angeles, CA typically earn between $35k-100k each year. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4639 Lomita St

What is the listing price of this property?

The listing price of 4639 Lomita St property is $2,350,000.

What type of property is this?

The property 4639 Lomita St is a house located in Los Angeles, California, 90019.

Is this property for sale now?

Active Listing: 4639 Lomita St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,255 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 4639 Lomita St has 14 bedrooms and 12 bathrooms.

What is the square footage of this property?

The property 4639 Lomita St is 7,598 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4639 Lomita St is 1958.

Rocket Homes›California›Los Angeles County›Los Angeles›90019›4639 Lomita St

This home is located at 4639 Lomita St in Los Angeles, CA and zip code 90019 in the Mid-City neighborhood. This 7,598 square foot home, which was built in 1958, sits on a 0.22 acre lot. Features: 14 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since May 06, 2024 and is currently priced at $2,350,000.

While more than 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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