4408 Lockwood Avenue, Los Angeles, CA — listing photo 1
1 / 24
FOR SALENew Listing

4408 Lockwood Avenue

Los Angeles, CA 90029
4 Beds
20 Baths
12,580 Sq Ft
Built 1928
$3,200,000

Property Overview

4408 Lockwood represents a compelling value-add opportunity for a new owner to capture significant embedded upside with a substantial head start already in place. Current ownership has already turned ten of the property's twenty units and invested in major capital improvements including a new roof, plumbing upgrades, upgraded electrical, and a bolted foundation reducing near-term capex risk for a new buyer. The property is currently operating at a 6.04%cap rate and 9.17 GRM on in-place rents, reflecting an approximately 22.2% loss to lease relative to market. By continuing to turn the remaining units and capturing existing loss to lease, a new owner can grow NOI by roughly 47% and drive returns to an 8.85% cap rate and 7.18 GRM on a market basis.

Home Details

Property type
Residential Income
Year built
1928
Living area
12,580 sq ft
Lot size
10,853 sq ft
Parking
6 spaces
Days on market
8
MLS status
Active
Zoning
LARD1.5

Features & Amenities

Interior

  • Ceiling Fans

Community, Schools & Utilities

Utilities

Heating
Baseboard
Browse more homes for sale in Los Angeles

Location & Neighborhood

4408 Lockwood Avenue

Los Angeles, CA 90029

Open in Google MapsOpen in Apple Maps

Frequently Asked Questions About 4408 Lockwood Avenue

Property type: Residential Income

The current asking price is $3,200,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 4408 Lockwood Avenue. Our team will confirm availability and timing.
This 4 bedrooms and 20 bathrooms property offers approximately 12,580 square feet of living space. It was built in 1928. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 8 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

Get More Info

Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Douglas Steinriede
MLS ID: CLW-X44193

Available property

$3,200,000

CRMLS Logo

Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.