4212 Lockwood Avenue Los Angeles, CA $ 3,400,000
4212 Lockwood Avenue
$ 3,400,000
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4212 Lockwood Avenue

Los Angeles, CA, 90029
$ 3,400,000
Bedrooms14 Baths13.0 Sq 6,466

Monthly Estimate*

$ 23,750

Listed by Marcus & Millichap
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Multi-Family Home for sale in Los Angeles, CA

for $3,400,000 with 14 bedrooms and 13 full baths. This 6,466 square foot home was built in 1924 on a lot size of 0.2135.

We are pleased to present a twelve (12) unit apartment building located at 4212 Lockwood Avenue in Los Angeles, California. The subject property is located in a prime Virgil Village location one (1) block from Silver Lake, south of Santa Monica Boulevard and east of Virgil Avenue. Built in 1924, this property contains a great unit mix of ten (10) one-bedroom / one-bathroom units and two (2) two-bedroom / one and a half-bathroom brand new construction townhouse style units. These character, Spanish style bungalow units are well-maintained with a lovely center courtyard. Select units are fully renovated. The two (2) ADUs in the back are three-story townhouse style units detached from the main structure with a large balcony on each, in-unit laundry, and premium finishes. Tenants will love living one (1) block away from Silver Lake, just down the street from incredible retail, restaurant, and entertainment amenities along Sunset Junction. Some of these amenities include Erewhon, Intelligentsia, The Black Car, 4100 Bar, Naturewell Vegan, Warby Parker, Madewell Men's, Yolk, La Colombe Roasters, and many more. The area invites young professionals with central access to Downtown and Hollywood employment hubs. Situated in a prime Virgil Village location one (1) block from Silver Lake, this offering presents an excellent opportunity for any investor to acquire a character, Spanish bungalow style building with good initial cash flow and strong rental upside potential.

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Multi-Family Active

Price

$ 3,400,000

Bedrooms

14

Full Bath

13

Property Type

Multi-Family

Taxes

$ 0

Style

Bungalow

Lot Size

0.2135

Year Built

1924

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24373025

Days on Market

32

Features
General
Heating WallFurnace
Possession CloseOfEscrow
Appliances Refrigerator Dryer Washer
Zoning LARD1.5
Patio/Porch Features Open Patio
Architectural Style Bungalow
Pool Features None
Year Built 1924
View CityLights
Stories 1
Levels One ThreeOrMore
Gross Income 286189.0
County Los Angeles
Net Operating Income 201187.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions The subject property is located in a prime Virgil Village location one (1) block from Silver Lake south of Santa Monica Boulevard and east of Virgil Avenue.
City Los Angeles
View Y/N Y
Senior Community Y/N N
Total Units 12
MLS Area C21 - Silver Lake - Echo Park
Lot Size Square Feet 9302.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Lockwood
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Property Condition AdditionsAlterations UpdatedRemodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 27
Standard Status Active
Occupancy Description Tenant
Cap Rate 5.92
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Interior
Flooring Wood
Total Stories 3
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 14
Electric On Property Y/N N
Total Baths 13
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Exterior
Parking Features None
Lot Features Landscaped RectangularLot
Total Parking 0.0
Lot Size Area 9302.0
Number of Buildings 3
Spa N
Building Area Total 6466.0
Lot Size Acres 0.2135
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 4212
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* Excluded Features
List By
Marcus & Millichap

Broker

(818) 212-2735

Phone

Affordability Calculator

$23,750
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Monthly Principal & Interest
$23,750
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2024$3,400,000 -8.11% Price Down
3/26/2024$3,700,000 Listed Price

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4212 Lockwood Avenue, Los Angeles, CA, 90029 is a Multi-Family Home for sale at $3,400,000 with 6,466 sqft and a lot size of 0.2135. 4212 Lockwood Avenue has 14 bedrooms, 13.0 baths, and was built in 1924. The property's zip code is 90029 which is in Los Angeles, CA