$1,600,000

4332 Lockwood Avenue, Los Angeles, CA 90029

10 beds |
10 baths |
5,360 sqft

Multi-Family Home
Built in 1924
9,300sqft lot
—— car garage
$299/sqft
Listed 23 hours ago

Property Description

4332 Lockwood Avenue, Los Angeles, CA 90029 is a 10-unit courtyard-style apartment community located in the highly sought-after Virgil Village neighborhood, recently recognized as "LA's Coolest Street Right Now." This offering provides investors with the opportunity to acquire a character-rich asset in one of Los Angeles' most dynamic and trend-forward submarkets, known for strong rental demand, walkability, and proximity to Silver Lake, East Hollywood, and Koreatown. Built in 1924, the property features ten (10) spacious One-Bedroom | One-Bathroom units arranged around a classic central courtyard, creating an inviting and community-oriented living environment. Many units retain original hardwood floors and vintage architectural details, offering a blend of historic charm and modern rental appeal that continues to resonate with today's tenants. The asset presents a clear value-add opportunity, with the potential to achieve an approximate 11.1% cap rate and a 7.2 GRM at market rents. Investors may further enhance income through thoughtful unit upgrades and operational efficiencies over time. Additionally, the property benefits from a low-expense structure, featuring separate gas and electrical metering as well as individual water heaters for each unit, reducing ongoing utility obligations. Positioned in one of Los Angeles' most vibrant and evolving neighborhoods, 4332 Lockwood Avenue offers both immediate rental upside and long-term appreciation potential. The combination of irreplaceable character, efficient operations, and a prime Virgil Village location makes this an exceptional opportunity for investors seeking to capitalize on continued neighborhood growth and demand.

Listing Status:: Active
Date Added:: April 1, 2026
Data Last Updated:: April 2, 2026 at 4:16AM
Listing Office:: KW Commercial Studio City : 818-432-1500
Listing Agent:: Nick Astrupgaard : 818-432-1580
MLS ID:: 26672247

Parking: On StreetParking spaces: 0

General: 1

Originating MLS: CRMLS_CL
County: Los Angeles

Zoning: LARD1.55539008008

Source: CRMLS_CL

This listing courtesy of Nick Astrupgaard , KW Commercial Studio City

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Lockwood Avenue Elementary

4345 Lockwood Ave, Los Angeles, CA, 90029

Grades KG-6

0.07 miles away

Thomas Starr King Middle School

4201 Fountain Ave, Los Angeles, CA, 90029

Grades 6-8

0.67 miles away

John Marshall High School

3939 Tracy St, Los Angeles, CA, 90027

Grades 9-12

1.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.