4408 Lockwood Avenue, Los Angeles, CA 90029

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
4408 Lockwood Avenue,Los Angeles, CA 90029
$3,200,000
  • 4 Beds
  • 20 Baths
  • 12,580 sq. ft.
  • Multi-family
  • Active
Listed by: douglas steinriede
Office: dover management corp.818-843-5200
MLS#:26875237
Source:CRMLS

Price summary

  • Price:$3,200,000
  • Price per sq. ft.:$254.37

About this home

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.

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Home facts

  • Year built:1928
  • Listing ID #:26875237
  • Added:84 day(s) ago
  • Updated:November 13, 2026 at 12:59 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:20
  • Living area:12,580 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1928
  • Building area:12,580 sq. ft.
  • Lot area:0.25 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$3,200,000
  • Price per sq. ft.:$254.37

Features and amenities

  • Amenities:Ceiling Fans

Parking

  • Total parking spaces:6
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