Apartment Building with On-Site
4412 Lockwood Ave, Los Angeles, CA 90029
For Sale
$1,350,000
Pending
Residential Income, Los Angeles, CA
Property Size5,521 SF
Lot Size0.21 Acres
Days on Market495
Property Features for 4412 Lockwood Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Amenities
on-site laundry
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Equity Union
(818) 989-2000
Listed By:
Troy Lucero Jr. · License CA #02015705
(818) 809-5647
Added: Jul 9, 2025
Changed: Nov 10
Last Checked: Nov 15 at 1:06AM
MLS# 25563287
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,521-square-foot multifamily property was built in 1960 and sits on a 0.2135-acre lot zoned LARD1.5. The improvements include one-bedroom apartments with open kitchens, living areas, bedrooms, and bathrooms. Each apartment has an individual water heater and wall heater, while electricity and gas are separately metered. Water and trash are paid by the landlord.
Additional improvements include a two-level residential component with a three-bedroom unit on the first floor and a two-bedroom unit with office space and a private balcony on the second floor. The above-grade basement is vacant and includes kitchens, bathrooms, bedrooms, windows, and separate access; any potential additional dwelling unit status requires buyer verification. On-site laundry is provided in a separate room. Parking includes five tuck-under spaces and two surface spaces. The apartment building’s soft-story retrofit requirement has been completed.
Additional improvements include a two-level residential component with a three-bedroom unit on the first floor and a two-bedroom unit with office space and a private balcony on the second floor. The above-grade basement is vacant and includes kitchens, bathrooms, bedrooms, windows, and separate access; any potential additional dwelling unit status requires buyer verification. On-site laundry is provided in a separate room. Parking includes five tuck-under spaces and two surface spaces. The apartment building’s soft-story retrofit requirement has been completed.
Key Highlights
- 5,521 square feet on a 0.2135‑acre lot
- LARD1.5 zoning in Los Angeles, CA 90029
- Five tuck‑under parking spaces plus two surface spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,837
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,776,740
$1.8M
Cap Rate 7%
$1,269,100
$1.3M
Cap Rate 9%
$987,078
$987.1K
Market Conditions
NOI Build-Up for 5,521 SF
Gross rent
$175.6K $31.80/SF
− Vacancy
−$14.0K −$2.54/SF
EGI
$161.5K $29.26/SF
− OpEx
−$72.7K −$13.17/SF
NOI
$88.8K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,776,740
Cap Rate 7%
$1,269,100
Cap Rate 9%
$987,078
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,837 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,356 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,283
Businesses Nearby
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Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with separately metered electricity and gas, individual water heaters, and wall heaters in each one-bedroom unit.
Where is this apartment building located?
The property is located at 4412 Lockwood Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 5,521 square feet on a 0.2135‑acre lot; LARD1.5 zoning in Los Angeles, CA 90029; Five tuck‑under parking spaces plus two surface spaces
