4
Bedrooms
$3,200,000
FOR SALE4408 Lockwood Avenue
Los Angeles, CA
MLS# 26875237
12,580 Sq Ft4bd • 20ba
87 days on marketNalren refreshed
Listing Agent
Douglas Steinriede
Listing Agent
Dover Management Corp.
DRE #: 00284936
(818) 843-5200Brokerage: Dover Management Corp.
Property Details
20
Bathrooms
12,580 sqft
Square Feet
1928
Year Built
0.25 acres
Lot Size
$254
Price/Sq Ft
N/A
Garage Spaces
N/A
HOA
N/A
Property Type
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.
Facts & Features
Interior
- Interior Features
- Ceiling Fans
Building
- Year Built
- 1928
- Living Area
- 12,580 sqft
- Building Area Total
- 12,580
- Levels
- Two
- Stories Total
- 0
Utilities
- Heating
- Baseboard
Parking
- Parking Total
- 6
Community / HOA
- HOA
- No
Natural Hazard Information
Earthquake data is shown from a real public source (USGS)
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Closed sales reported in 90029, nearest first, last 12 months. All recent sales in Los Angeles →
CRMLS
MLS# 26875237
Listed:
Nalren refreshed:
Last updated
© 2026 California Regional Multiple Listing Service, Inc. Based on information from the California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
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Listed by: Dover Management Corp.
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.