4408 Lockwood Ave, Los Angeles, CA 90029
4408 Lockwood Ave, Los Angeles, CA 90029
4408 Lockwood Ave, Los Angeles, CA 90029
4408 Lockwood Ave, Los Angeles, CA 90029
4408 Lockwood Ave, Los Angeles, CA 90029
4408 Lockwood Ave, Los Angeles, CA 90029
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RYAN STEELE

RYAN STEELE

+1(818) 900-1859
$ 3,200,000
Est. payment | /mo

4 Beds

20 Baths

12,580 SqFt

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$ 3,200,000
Est. payment | /mo
Save

4 Beds

20 Baths

12,580 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,580 sqft

Price per Sqft $254

MLS Listing ID 26875237

Bedrooms 4

Year Built 1928

Lot Size 10,853 Sqft

Acres 0.2492

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Silver Lake - Echo Park

Zoning LARD1.5

Rooms

Other Rooms Other

Interior

Heating Baseboard

Cooling Attic Fan

Equipment Ceiling Fan

Exterior

Parking Features Garage Is Detached

Garage Spaces 6.0

Building

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Dover Management Corp.

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4408 Lockwood Ave