4408 Lockwood Avenue, Los Angeles, CA 90029
- 12,580 sqft
other 
Built in 1928 
10,855sqft lot
—— car garage 
$254/sqft 
Listed 4 days ago
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.
- Listing Status:
- Active
- Date Added:
- August 20, 2026
- Data Last Updated:
- August 24, 2026 at 9:06PM
- Listing Office:
- Dover Management Corp. : 818-843-5200
- Listing Agent:
- Douglas Steinriede : 818-843-5200
- MLS ID:
- CL26875237
- County: Los Angeles
- Zoning: LARD1.55539009002
This listing courtesy of Douglas Steinriede , Dover Management Corp.
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
