Log In/Sign Up
Your email has been sent.
4332-4336 3/4 Lockwood Ave 10 Unit Apartment Building $2,224,928 CAD ($222,493 CAD/Unit) Los Angeles, CA 90029
Investment Highlights
- Value-add potential through renovations and management improvements
- Operational inefficiencies that can be streamlined | Renovation potential to justify rent increases
- Located in growing area with increasing demand
- Exit opportunity at a significantly higher valuation post-stabilization
Executive Summary
Why Invest in a Courtyard Property:
- Higher resale premiums vs generic buildings
- Strong appeal for residents
- Courtyard buildings are ideal for renovation strategies- Improve common space ? lifestyle repositioning
- Limited housing supply
- Strong long-term appreciation drivers
- Scarcity + historical character = long-term appreciation
This offering represents a compelling value-add acquisition with meaningful embedded upside through operational repositioning and revenue optimization. While in-place financial performance is currently below market benchmarks, the asset provides a clear pathway to stabilization and yield enhancement.
The investment centers on capturing rent growth, improving operational efficiencies, and executing a disciplined capital improvement program.
- In-place rents materially below market, supporting a significant mark-to-market opportunity
- Operational inefficiencies creating immediate expense reduction opportunities
- Ability to implement RUBS and ancillary income streams to enhance revenue
- Clear path to NOI expansion through interior and exterior capital improvements
- Favorable basis relative to comparable stabilized assets in the submarket
- Located within a high-demand, supply-constrained rental corridor
- Strong exit optionality upon stabilization with cap rate compression and NOI growth
This opportunity is best suited for investors seeking to deploy capital into a structured value-add strategy with identifiable levers for
performance improvement and long-term appreciation.
- Higher resale premiums vs generic buildings
- Strong appeal for residents
- Courtyard buildings are ideal for renovation strategies- Improve common space ? lifestyle repositioning
- Limited housing supply
- Strong long-term appreciation drivers
- Scarcity + historical character = long-term appreciation
This offering represents a compelling value-add acquisition with meaningful embedded upside through operational repositioning and revenue optimization. While in-place financial performance is currently below market benchmarks, the asset provides a clear pathway to stabilization and yield enhancement.
The investment centers on capturing rent growth, improving operational efficiencies, and executing a disciplined capital improvement program.
- In-place rents materially below market, supporting a significant mark-to-market opportunity
- Operational inefficiencies creating immediate expense reduction opportunities
- Ability to implement RUBS and ancillary income streams to enhance revenue
- Clear path to NOI expansion through interior and exterior capital improvements
- Favorable basis relative to comparable stabilized assets in the submarket
- Located within a high-demand, supply-constrained rental corridor
- Strong exit optionality upon stabilization with cap rate compression and NOI growth
This opportunity is best suited for investors seeking to deploy capital into a structured value-add strategy with identifiable levers for
performance improvement and long-term appreciation.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,224,928 CAD | Building Class | C |
| Price Per Unit | $222,493 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 5,360 SF |
| No. Units | 10 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1924 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LARD1.5 - Opportunity Zone | ||
| Price | $2,224,928 CAD |
| Price Per Unit | $222,493 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,360 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 1924 |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - Opportunity Zone |
Amenities
Unit Amenities
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 536 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5539-008-008 | Improvements Assessment | $1,047,068 CAD |
| Land Assessment | $1,396,094 CAD | Total Assessment | $2,443,162 CAD |
Property Taxes
Parcel Number
5539-008-008
Land Assessment
$1,396,094 CAD
Improvements Assessment
$1,047,068 CAD
Total Assessment
$2,443,162 CAD
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
4332-4336 3/4 Lockwood Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.