New Construction Multifamily in
4514 Lomita St, Los Angeles, CA 90019
For Sale
Contact for pricing
New five-unit property in MidCity with immediate income potential.
Property Size8,096 SF
Price / SF$419.84
Days on Market285
Property Features for 4514 Lomita St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
Myunits.com
Listed By:
Elizabeth Maddox · License CA #01921425
(818) 850-8485
Source:
Crexi
Added: Feb 3
Changed: Nov 7
Last Checked: Nov 14 at 5:24AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,271
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,605,420
$2.6M
Cap Rate 7%
$1,861,014
$1.9M
Cap Rate 9%
$1,447,456
$1.4M
Market Conditions
NOI Build-Up for 8,096 SF
Gross rent
$257.5K $31.80/SF
− Vacancy
−$20.6K −$2.54/SF
EGI
$236.9K $29.26/SF
− OpEx
−$106.6K −$13.17/SF
NOI
$130.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,605,420
Cap Rate 7%
$1,861,014
Cap Rate 9%
$1,447,456
Alternative Uses
Best Use
Apartment 5plus
$1.86M
$1.63M – $2.17M
NOI $130,271 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.38M
$2.96M – $3.94M
NOI $236,613 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,782
Businesses Nearby
Explore this area
Business Placement
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
$1,178,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
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.**
