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4 Beds
20 Baths
12,580 sqft

$3,200,000

4408 Lockwood Avenue, Los Angeles CA, 90029

Price per sqft$254.37
Built in1928
Property size12,580 sqft
Property typeResidential
Listed by Douglas Steinriede CA DRE# 00284936 with Dover Management Corp. 818-843-5200

Overview

Active

Listed Aug 20, 2026

Updated 3 weeks ago

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.

$21,290/mo

Est. mortgage payment based on a $3,200,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26875237

Interior Features

Bedrooms
4
Bathrooms
20
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.25 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Listed by Douglas Steinriede CA DRE# 00284936 with Dover Management Corp. 818-843-5200

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/14/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/14/2026 at 11:27 AM UTC Last Checked: 11:27 AM UTC

 

 

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