4412–4414 Lockwood Avenue 4412 E Lockwood Ave 7 Unit Apartment Building $1,350,000 ($192,857/Unit) 6.04% Cap Rate Los Angeles, CA 90029

PRICE REDUCED $150K - 6.04% Current Cap Rate
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.