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4514 Lomita St
Los Angeles, CA 90019
New Construction 5-Unit in Prime Mid-City · Multifamily Property For Sale
·
5 Units
Investment Highlights
- Outstanding projected cap rate of 5.80%! Cash cow. + MASSIVE units with premium floorplans.
- No Rent Control!
- All units separately metered for electric and gas— low operating expenses!
- 4/5 units ALREADY LEASED at market rents!
- Premium modern finishes and open layouts designed for today’s urban renter.
- Turnkey 1031 exchange opportunity — ready to close now!
Executive Summary
The 5+ Unit Specialists are pleased to present 4514 Lomita Street, a newly constructed five-unit asset in the heart of Mid- City offering an attractive projected 5.80% cap rate with four of five units already leased at market rents. Unlike many new developments still working through lease-up, this property delivers immediate income with minimal operational lift.
The property features five oversized, high-end residences with a desirable mix of expansive 3- and 4-bedroom floor plans. Each unit offers private entry, central HVAC, in-unit laundry, modern kitchens and baths, and generous outdoor space via balconies or patios. All utilities are separately metered, helping keep expenses low. One unit is designated as affordable housing and is already incorporated into the property’s rent structure.
Ideally 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. With modern construction, limited competing stabilized inventory, and a central Mid-City location, 4514 Lomita Street presents a compelling long-term hold or 1031
exchange opportunity.
The property features five oversized, high-end residences with a desirable mix of expansive 3- and 4-bedroom floor plans. Each unit offers private entry, central HVAC, in-unit laundry, modern kitchens and baths, and generous outdoor space via balconies or patios. All utilities are separately metered, helping keep expenses low. One unit is designated as affordable housing and is already incorporated into the property’s rent structure.
Ideally 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. With modern construction, limited competing stabilized inventory, and a central Mid-City location, 4514 Lomita Street presents a compelling long-term hold or 1031
exchange opportunity.
Property Facts
| Price Per Unit | $923,168 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 8,096 SF |
| Cap Rate | 5.80% | Average Occupancy | 80% |
| Gross Rent Multiplier | 13.19 | No. Stories | 3 |
| No. Units | 5 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 0.99/1,000 SF |
| Zoning | LARD1.5 | ||
| Price Per Unit | $923,168 CAD |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Gross Rent Multiplier | 13.19 |
| No. Units | 5 |
| Property Type | Multifamily |
| Lot Size | 0.16 AC |
| Building Size | 8,096 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | LARD1.5 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Freezer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 1 | $5,704 CAD | 1,371 |
| 3+3 | 1 | $5,704 CAD | 1,371 |
| 3+2 | 1 | $4,981 CAD | 1,450 |
| 4+4 | 1 | $6,383 CAD | 1,952 |
| 4+4 | 1 | $6,383 CAD | 1,952 |
Property Taxes
| Parcel Number | 5071-015-043 | Improvements Assessment | $346,290 CAD |
| Land Assessment | $1,246,644 CAD | Total Assessment | $1,592,934 CAD |
Property Taxes
Parcel Number
5071-015-043
Land Assessment
$1,246,644 CAD
Improvements Assessment
$346,290 CAD
Total Assessment
$1,592,934 CAD
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