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New Construction Multifamily in MidCity
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4514 Lomita St, Los Angeles, CA 90019

New five-unit property in MidCity with immediate income potential.

Property Size8,096 SF
Price / SF$419.84
Days on Market192

Property Features for 4514 Lomita St

General Information

Standard status Active
Size 8,096 SF
Total Parking Spaces 8
Property subtype Multifamily
Zoning LARD1.5
Occupancy 80%
Net Operating Income $197,042

Building Details

Year Built 2025
Buildings 2
Stories 3
Units 5
Listing Agency: Myunits.com
Listed By: Elizabeth Maddox · License #CA 01921425
Source: Crexi
Added: Feb 3 Changed: Aug 8 Last Checked: Aug 13 at 3:31PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Myunits.com

Investment Insights

Based on property information with market context.

Located in the heart of MidCity, 4514 Lomita Street is a newly constructed five-unit property. The residences feature a mix of expansive 3- and 4-bedroom floor plans. Each unit includes private entry, central HVAC, in-unit laundry, modern kitchens and baths, and outdoor space via balconies or patios. All utilities are separately metered. The property offers an attractive projected 5.80% cap rate with four of five units already leased at market rents. The property delivers immediate income with minimal operational lift. One unit is designated as affordable housing and is already incorporated into the property’s rent structure. The property is located minutes from Culver City’s creative corridor and major employment hubs including Amazon Studios, Apple, HBO, and Sony. The property benefits from strong and consistent tenant demand. The property size is 8096 square feet.

Key Highlights

  • Newly constructed five‑unit property in Mid‑City with immediate income from existing leases.
  • Attractive projected 5.80% cap rate.
  • Oversized, high‑end 3- and 4‑bedroom residences with private entry and generous outdoor space.**

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Travel Agency Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,780
Businesses Nearby

Demographics for 90019, CA

62,002
Population
26,203
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
80%
High-School Grad
3.9 sq mi
ZIP Area
15,898
Density / Sq Mi
$71,395
Median Household Income
$40,316
Median Earnings
$1,782
Median Rent
$1,178,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - New five-unit property in MidCity with immediate income potential.
Where is this apartment building located?
The property is located at 4514 Lomita St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,399,000.
What are key features of this property?
This property features: Newly constructed five‑unit property in Mid‑City with immediate income from existing leases.; Attractive projected 5.80% cap rate.; Oversized, high‑end 3- and 4‑bedroom residences with private entry and generous outdoor space.**
(818) 850-8485 Call to check price and availability
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