858-525-5007

4408 Lockwood, Los Angeles CA 90029 | $3,200,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 10853 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1928
  • MLS#: 26875237
  • Community: C21 - Silver Lake - Echo Park

Listing provided courtesy of Douglas Steinriede of Dover Management Corp.. Last updated 2026-09-23 08:10:56.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.25 Acres

David Piper​

Call or Text: 858-525-5007

DRE# 02021985