4412 E Lockwood Ave - Apartments FOR SALE


Los Angeles, CA 90029- East Hollywood
$1,500,000 USD
310-339-5477
4412 E Lockwood Ave, Los Angeles, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/14
null | 5.39% Cap Rate

4412 E Lockwood Ave
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • MAJOR VALUE ADD OPPORTUNITY – current rents are approximately 58 percent below market
  • ADU POTENIAL - SEPARATE UNRENTED BASEMENT UNIT – Spacious separate basement space in the single-family home
  • ADDITIONAL ADU POTENTIAL – tuck under parking in the six-unit apartment building may provide potential to create additional units.
  • VACANT UNITS – two units will be delivered vacant with the possibility of a third
  • EXCELLENT UNIT MIX – One five-bedroom single family home alongside a six-unit building consisting of all 1bed+1bath units
  • PRIME LOCATION –Easy walking distance to dining, retail and entertainment on both Vermont Ave and Virgil Ave.

OVERVIEW

4412–4414 Lockwood Avenue features a five-bedroom, two-bathroom standalone home built in 1946, alongside a six-unit apartment building comprised entirely of one-bedroom, one-bath units constructed in 1960. The property offers a combined building size of 5,521 square feet on a 9,299-square-foot lot. SINGLE FAMILY HOME DETAILS: The first floor provides a comfortable 3-bedroom unit, boasting a generously sized kitchen ideal for entertaining. The second floor features a spacious 2-bedroom unit, complete with a dedicated office space, perfect for remote work or a creative studio, and a large private balcony overlooking Lockwood Avenue. Adding to the property’s immense value, is an above-grade basement, currently vacant and presenting a blank canvas for an investor. With its own kitchen, bathroom, and bedrooms, this space mirrors a similar footprint of the main house. Its existing windows and separate access door may create a clear path to legalizing an additional dwelling unit (buyer to verify), significantly increasing rental income or providing flexibility with the living arrangements. ONE BEDROOM UNIT DETAILS: All the 1 Bedroom / 1 Bath units have well-designed floor plans, with large open kitchens and large living areas, bathrooms and bedrooms. Upstairs units have views of Hollywood and Western Los Angeles through large windows in the main living areas. Each unit also has an individual water heater and wall heater. All units are separately metered for electricity and gas, and the landlord pays for water and trash. Laundry is provided on site in a separate room. The tuck under parking area provides 5 parking spaces and there are two additional surface spaces between the single-family home and the apartment buildings. The soft story retrofit requirement has also been completed on the apartment building.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$145 USD /SF

# OF UNITS

7

PRICE/UNIT

$214,286

CAP RATE

5.39%

% LEASED

71%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4412–4414 Lockwood Avenue

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,519 SF

ZONING

LARD1.5

APN/PARCEL ID

5539-009-003

ASK ABOUT THIS PROPERTY

Troy LuceroEquity Union CommercialMore Info
310-339-5477

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Troy LuceroEquity Union CommercialMore Info
310-339-5477

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.