About 4408 Lockwood Avenue
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.
Features of 4408 Lockwood Avenue
| MLS® # | 26875237 |
|---|---|
| Price | $3,200,000 |
| Bedrooms | 1 |
| Bathrooms | 2.00 |
| Square Footage | 12,580 |
| Acres | 0.25 |
| Year Built | 1928 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 4408 Lockwood Avenue |
|---|---|
| Area | C21 - Silver Lake - Echo Park |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90029 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Heating | Baseboard |
| Has Basement | No |
| Fireplace | No |
| Stories | Two |
Additional Information
| Date Listed | August 20th, 2026 |
|---|---|
| Days on Market | 22 |
| Zoning | LARD1.5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Douglas Steinriede |
|---|---|
| Office | Dover Management Corp. |