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3779 Lockland Drive

Los Angeles (City), CA 90008
  • $2,995,000
  • STATUS: Active
  • ON SITE: 89 Days
  • MLS #: 25484375
Price Reduced
UPDATED: 18 min ago
$2,995,000
  • 20
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,742
    SQFT
  • $255
    $/SQFT
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Listing Agent(s): John Katnik of BRC Advisors- BH ()


Description

$100K PRICE REDUCTION! 6.66% CAP on CURRENTS! We are proud to present 12-unit apartment in the heart of Baldwin Hills! This property offers a unique opportunity to acquire a cash flowing apartment with true rental upside. The building features a total of 12 apartment units consisting of 11,742 total building square feet sitting on a 10,074 square foot lot. The unit mix comprises of eight 2-bedroom/2-bathroom units and four 1-bedroom/1-bathroom units.Soft story retrofit has been completed by the owner. The property has 14 total parking spaces consisting of 2 garages, 10 covered carport spaces and 2 open spaces. Tenants also can enjoy on-site laundry facilities and a pool. Half of the units are on section 8 housing vouchers while the rest are market rate tenants. Sitting just south of MLK and east of Crenshaw Blvd, this area of Baldwin Hills is very desirable given how close it is to Leimert Park.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T08:30:53.793. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/159760306
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3779 Lockland Drive Los Angeles (City), CA 90008

  • Price: $2,995,000
  • Status: Active
  • On Site: 89 Days
  • Updated: 18 min ago
  • MLS #: 25484375
20
Beds
0
Baths
0
½ Baths
0.23
Acres
11,742
SQFT
$255
$/SQFT
1960
Built
Neighborhood:
PHHT - Park Hills Heights
County:
Los Angeles
Area:
PHHT - Park Hills Heights
Property Description
$100K PRICE REDUCTION! 6.66% CAP on CURRENTS! We are proud to present 12-unit apartment in the heart of Baldwin Hills! This property offers a unique opportunity to acquire a cash flowing apartment with true rental upside. The building features a total of 12 apartment units consisting of 11,742 total building square feet sitting on a 10,074 square foot lot. The unit mix comprises of eight 2-bedroom/2-bathroom units and four 1-bedroom/1-bathroom units.Soft story retrofit has been completed by the owner. The property has 14 total parking spaces consisting of 2 garages, 10 covered carport spaces and 2 open spaces. Tenants also can enjoy on-site laundry facilities and a pool. Half of the units are on section 8 housing vouchers while the rest are market rate tenants. Sitting just south of MLK and east of Crenshaw Blvd, this area of Baldwin Hills is very desirable given how close it is to Leimert Park.
Exterior Features

Attached Garage YN Yes Carport YN Yes Open Parking Spaces 2 Parking Features Attached CarportDoor-MultiGarageTandem Parking Total 14 Pool Features Community Pool Private YN No View None View YN No

Interior Features

Cooling None Cooling YN No

Property Features

Association YN No Cap Rate 6.66 Community Features Pool Garage YN Yes Gross Income 297408 Laundry Features Common Area Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 199372 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 0 Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T08:30:53.793. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): John Katnik of BRC Advisors- BH ()