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Los Angeles
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CA
Los Angeles
Los Angeles
90029
4332 Lockwood Avenue, Los Angeles, CA, 90029
4332 Lockwood Avenue, Los Angeles, CA, 90029
4332 Lockwood Avenue, Los Angeles, CA, 90029
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$1,600,000

4332 Lockwood Avenue, Los Angeles, CA, 90029

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4332 Lockwood Avenue, Los Angeles, CA, 90029
4332 Lockwood Avenue, Los Angeles, CA, 90029
4332 Lockwood Avenue, Los Angeles, CA, 90029
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4332 Lockwood Avenue, Los Angeles, CA, 90029
4332 Lockwood Avenue, Los Angeles, CA, 90029
4332 Lockwood Avenue, Los Angeles, CA, 90029

Information

Price: $1,600,000
Days On Market: 10
Year Build: 1924
Bedrooms: 10
MLS ID: 26672247
Status: Active

Details

Address: 4332 Lockwood Avenue
County: Los Angeles
City: Los Angeles
Zip: 90029
State: California

Description

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.

Location

Listed By

Listing Agent

Nick Astrupgaard

nastrupgaard@kw.com
818-432-1580
KW Commercial Studio City
Co-Listing Agent

Rich Johns

KW Commercial Studio City

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The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 23rd April, 2026 11:43 PM (UTC)
Listing Agent: Nick Astrupgaard
Listing Office: KW Commercial Studio City
Attribution contact: 818-432-1580

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The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 23rd April, 2026 11:43 PM (UTC)

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