4514 Lomita St - New Construction 5-Unit in Prime Mid-City 5 Unit Apartment Building Offered at $3,399,000 at a 5.80% Cap Rate Los Angeles, CA 90019

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.