Los Angeles, CA 90029 4212 Lockwood Avenue
$3,400,000
22 more
Presented By: Jason Tuvia with Marcus & Millichap;
Home Details
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.
Presented By: Jason Tuvia with Marcus & Millichap;
Interior Features for 4212 Lockwood Avenue
Bedrooms
Total Bedrooms14
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths13
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Total Stories3
General for 4212 Lockwood Avenue
Additional Parcels Y/NNo
AppliancesRefrigerator, Dryer, Washer
Architectural StyleBungalow
Attached Garage No
Cap Rate5.92
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market157
DirectionsThe 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.
Full Baths
Garage Y/NNo
Gross Income286189.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, ThreeOrMore
Lot Size Square Feet9302.0
Lot Size UnitsSquareFeet
MLS AreaC21 - Silver Lake - Echo Park
MobileHomeRemainsYNNo
Net Operating Income201187.0
New ConstructionNo
NumberOfUnitsTotal12
Occupancy TypeTenant
Patio/Porch FeaturesOpen, Patio
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property ConditionAdditionsAlterations, UpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
ViewCityLights
View Y/NYes
Waterfront Y/NNo
Year Built1924
ZoningLARD1.5
Exterior for 4212 Lockwood Avenue
Building Area Total6466.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped, RectangularLot
Lot Size Acres0.2135
Lot Size Area9302.0
Number of Buildings3
Open Parking Y/NNo
Parking FeaturesNone
SpaNo
Total Parking0.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480