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4212 Lockwood Ave, Los Angeles, CA 90029
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4212 Lockwood Ave Los Angeles, CA 90029

$3,400,000
  • 14 Beds
  • 12 Baths
  • 6,466 Sq.Ft.
For Sale
$3,400,000 Get Pre-Qualified
Map preview of 4212 Lockwood Ave, Los Angeles, CA 90029

Property Overview: 4212 Lockwood Ave Los Angeles, CA has 14 bedrooms, 12 bathrooms, 6,466 living square feet and 9,302 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 14 minutes ago | Last updated: April 22nd, 2024 | Source CRMLS | DOM: 31
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Home details

Lot Sq. Ft
9,302
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24373025
City
Los Angeles
County
Los Angeles
Time on Site
31 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 2
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,705
  • Total Rent: $1,705
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.92%
  • Gross Rent Multiplier: 11.88
  • Gross Scheduled Income: --
  • Net Operating Income: $201,187
  • Gross Operating Income: $277,604
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 4212 Lockwood Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: One, Three Or More
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: Landscaped, Rectangular Lot
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 12
  • Parcel Number: 5539007005
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled, Additions/Alterations
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • 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.
View more facts & features

Local Los Angeles Agent

Sale History for 4212 Lockwood Ave

View property's historical transactions

  • March, 2024

  • Mar 26, 2024

    Date

    Active

    CRMLS: 24373025

    $3,700,000

    Price

Tax History for 4212 Lockwood Ave

Assessed Value (2020): $121,774
Year Land Value Improved Value Assessed Value
2020 $57,359 $64,415 $121,774

Home Value Compared to the Market

This property vs the competition

4212 Lockwood Ave is listed 172.22% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $525.83 per/sqft which puts the price per square foot 31.89% lower than the median price per square foot for the city of Los Angeles.

About 4212 Lockwood Ave

Detailed summary of property

4212 Lockwood Ave is a multi family located in Los Angeles, CA 90029 and is currently for sale. This multi family property offers 14 bedrooms, 12 bathrooms, roughly 6,466 living square feet, and sits on an approximately 9,302 square foot lot. 4212 Lockwood Ave was first listed on ArdentRealEstateGroup.com on March 26, 2024. The homeowner is currently asking $3,400,000 and was originally asking $3,700,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 172.22% higher than the median priced home. Local competing homes currently for sale include 639 N Alexandria Ave, 4310 Franklin Ave and 4253 Franklin Ave. While the average home in Los Angeles, CA is selling in 97 days, 4212 Lockwood Ave has a days on market of 31 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 4212 Lockwood Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4212 Lockwood Ave

Public county record property details
Beds
10
Baths
10
Year built
1924
Sq. Ft.
4,960
Lot Size
9,299
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
141
APN
5539-007-005

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$794
Median Sold Price
$711,000
Median Sold Price/Sq.Ft.
$652
Total Inventory
32
Median Sale to List Price %
102.3%
Avg Days on Market
8
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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