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4408 Lockwood Avenue, Los Angeles, CA 90029

Los Angeles
Local realty services provided by:CENTURY 21 Experience
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:23 day(s) ago
  • Updated:September 13, 2026 at 08:40 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
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Experience is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Experience, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Peter Gottuso

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