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Listed by: Douglas Steinriede (818) 843-5200 DRE #00284936 | Dover Management Corp. (818) 843-5200
$3,200,000
Monthly Est:$15,928
4 Beds
20 Baths
12,580sqft
4408 Lockwood Ave, Los Angeles, CA 90029
$3,200,000
$15,928/moEst:
Get Pre-Approved
Multi Family
Built in 1928
$-- HOA
10,853 sqft lot
$254/sq.ft
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 13, 2026 at 5:26 pm
- Source: California Regional MLS-CA | MLS#: 26875237
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1928
HOA Fees
-
Finished Area
12,580 sqft
Lot Size
10,853 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26875237
MLS Status
Active
Days on Market
53
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 20
Interior
Heating
Baseboard
Interior Features
Ceiling Fans
Price History
| Date | Event | Price |
|---|---|---|
08/20/2026 Source: | Listed for Sale | $3,200,000 $254/sqft |
East Hollywood Ranks #6 in Los Angeles, CA
Homes
Rental Prices
Median Home Price
Getting Around 4408 Lockwood Ave
Bike Score®
Very Bikeable
80/100
Walk Score®
Walker's Paradise
92/100
Transit Score®
Good Transit
69/100
Data provided by Redfin
Nearby Homes
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 12, 2026, 10:30AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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