Property listed by KW Commercial Studio City, Nick Astrupgaard 818-432-1500
$1,600,000
4332 Lockwood Avenue, Los Angeles, CA 90029 is a 10-unit courtyard-style apartment community located in the highly sought-after Virgil Village neighborhood, recently recognized as "LA's Coolest Street Right Now." This offering provides investors with the opportunity to acquire a character-rich asset in one of Los Angeles' most dynamic and trend-forward… Read More submarkets, known for strong rental demand, walkability, and proximity to Silver Lake, East Hollywood, and Koreatown. Built in 1924, the property features ten (10) spacious One-Bedroom | One-Bathroom units arranged around a classic central courtyard, creating an inviting and community-oriented living environment. Many units retain original hardwood floors and vintage architectural details, offering a blend of historic charm and modern rental appeal that continues to resonate with today's tenants. The asset presents a clear value-add opportunity, with the potential to achieve an approximate 11.1% cap rate and a 7.2 GRM at market rents. Investors may further enhance income through thoughtful unit upgrades and operational efficiencies over time. Additionally, the property benefits from a low-expense structure, featuring separate gas and electrical metering as well as individual water heaters for each unit, reducing ongoing utility obligations. Positioned in one of Los Angeles' most vibrant and evolving neighborhoods, 4332 Lockwood Avenue offers both immediate rental upside and long-term appreciation potential. The combination of irreplaceable character, efficient operations, and a prime Virgil Village location makes this an exceptional opportunity for investors seeking to capitalize on continued neighborhood growth and demand. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
10
Square Ft.
5,360
Lot Size
0.21 Acres
Year Built
1924
MLS Number
26672247
Additional Details
Building
Built in 1924, Living area: 5360.0, 3 buildings, Levels: One
Income
Gross Income: $97,051, Net Operating Income: $51,659
Lot
0.2135 acres
Parking
OnStreet
Taxes
Parcel Number: 5539008008, Zoning: LARD1.5
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Be the first to explore the latest properties to hit the market. From cozy retreats to stunning estates, these fresh listings are ready for you to discover. Don’t miss your chance to find the perfect home!
Based on information from California Regional Multiple Listing Service, Inc. as of 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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
