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  • 4408 Lockwood Avenue

4408 Lockwood Avenue, Los Angeles, CA 90029

$3,200,000 Approx. USD 4 beds, 20 baths
12,580 sqft
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The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
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Lic#: 01276603
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thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
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 Tustin 18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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Listing Agent


Douglas Steinriede | listings@doverla.com
Lic#: 00284936
Broker: Courtesy of Dover Management Corp.
Phone: 818-843-5200

Agent Remarks

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 Details

Property type: (Multi-Family)
Status: Active
MLS# 26875237
Price: $3,200,000
Beds: 4
Baths: 20
Built in 1928
12,580 sqft
2 stories
0.25 acres
Lot size: 0.2492
County: Los Angeles
Zoning: LARD1.5
Interior features: Ceiling Fan(s)
Heating description: Baseboard
MLS area: C21 - Silver Lake - Echo Park

Last Updated: 9/14/2026

 Days On Market (DOM): 37

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This listing belongs to the C21 - Silver Lake - Echo Park MLS area

Lat/Long: 34.088426, -118.289641.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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