4514 Lomita St
New Construction 5-Unit in Prime Mid-City | 4 of 5 Units Already Leased!
Marketing description
The 5+ Unit Specialists are pleased to present 4514 Lomita Street, a newly constructed five-unit asset in the heart of MidCity 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.
Investment highlights
Outstanding projected cap rate of 5.80%! Cash cow. + MASSIVE units with premium floorplans.
4/5 units ALREADY LEASED at market rents!
No rent control!
Premium modern finishes and open layouts designed for today’s urban renter.
Ideal unit mix appealing to both families, roommates, and young professionals.
All units separately metered for electric and gas— low operating expenses!
Located near Downtown Culver City’s creative corridor and hotspots like Father’s Office, Etta, Margot, and the Platform District
Minutes to major employers — Amazon Studios, Apple, HBO — ensuring strong tenant demand and stability plus moments from countless exciting mixed-use developments such as Ivy Station, the Cumulus Development (Whole Foods), the Culver Steps, and Platform!
Turnkey 1031 exchange opportunity — ready to close now!
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