4408 Lockwood Avenue
Los Angeles, CA 90029
4
Bed
20
Bath
12,580Sqft
10,853Sqft(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 20 -
Interior Features
CeilingFans -
Heating & Cooling
Has Heating: Yes Heating: Baseboard
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Building Information
Year Built: 1928Building Area Total: 12580Stories: 2Private Pool: No
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Lot Information
Main Square Feet: 10853 Lot Size Acres: 0.2492 Lot Size Square Feet: 10,853
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Listing Price Information
Listing Price: $3200000
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Tax Information
Parcel Number: 5539009002
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Parking Information
Parking Total: 6
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Location Information
Direction: Off Lockwood
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1149 Manzanita Street, Los Angeles, CA, 90029 | $1,189,000 | 2 | 1 | 1,052 | 1,052 SqFt |
| 1125 Sanborn Avenue, Los Angeles, CA, 90029 | $1,769,000 | 3 | 3 | 1,977 | 1,977 SqFt |
| 4202 Lexington Avenue, Los Angeles, CA, 90029 | $1,400,000 | 10 | 6 | 4,264 | 4,264 SqFt |
| 4308 Gateway Ave, Los Angeles, CA, 90029 | $1,950,000 | -- | -- | 3,444 | 3,444 SqFt |
| 4326 Gateway Avenue, Los Angeles, CA, 90029 | $1,675,000 | 4 | -- | 3,237 | 3,237 SqFt |
| 832 Hyperion Avenue, Los Angeles, CA, 90029 | $2,250,000 | 10 | 6 | 4,785 | 4,785 SqFt |
| 1000 Myra Avenue, Los Angeles, CA, 90029 | $1,695,000 | 3 | 3 | 1,513 | 1,513 SqFt |
| 1135 N Commonwealth Ave.., Los Angeles, CA, 90029 | $1,299,995 | 3 | 3 | 1,571 | 1,571 SqFt |
| 760 N Arthur Road, Los Angeles, CA, 90029 | $1,995,000 | 3 | 3 | 2,538 | 2,538 SqFt |
| 4523 Lexington Avenue, Los Angeles, CA, 90029 | $1,075,000 | 3 | 2 | 1,184 | 1,184 SqFt |
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ByOwner last updated this listing 08/26/2026 @ 09:29
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