4408 Lockwood Avenue, Los Angeles, CA 90029
4408 Lockwood Avenue, Los Angeles, CA 90029
4408 Lockwood Avenue, Los Angeles, CA 90029
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Danielle Broad

Danielle Broad

+1(925) 383-9200
$3,200,000
Est. payment /mo
12,580 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 12,580 sqft

Price per Sqft $254

MLS Listing ID CL26875237

HOA Y/N No

Year Built 1928

Lot Size 10,853 Sqft

Acres 0.2492

Property Sub-Type Other

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

Zoning LARD1.5

Interior

Heating Baseboard

Fireplace No

Building

New Construction No

Others

Tax ID 5539009002

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Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Douglas Steinriede • Dover Management Corp.

NEARBY SCHOOLS & PROPERTIES

Danielle Broad

+1(925) 383-9200

danielle.broad@exprealty.com

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