$ 1,600,000
-
$1,600,000
Price -
1
Bed -
1
Bath -
5,360
SqFt
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About the Listing CLW-X7405201 - CLW-C103940,CLW-X67520
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 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.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Multi-Family
MLS ®
26672247
Year Built
1924
Total Square Footage
5,360
Lot/Acreage
0.21
County
Los Angeles
Interior Details
- Bedrooms: 1
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LARD1.5
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: On Street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5539008008
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
4332 Lockwood Ave Los Angeles, CA 90029
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