4412-4414 Lockwood Ave

Investment Overview

Rare 7-unit investment in the Virgil Village section of East Hollywood, combining a freestanding five-bedroom single-family residence (built 1946) with an all one-bedroom, six-unit apartment building (built 1960) on a single 9,299 SF lot. Two units deliver vacant with a third possible, offering roughly 57% rental upside after lease-up, plus ADU potential in a separate, currently unrented basement unit.

Investment Highlights

• Major value-add opportunity: approximately 57% additional rental upside after lease-up of vacant units.
• ADU potential: a spacious, separate unrented basement unit in the single-family home includes bedrooms, a kitchen, a bathroom, windows, and a private entrance.
• Additional ADU potential: tuck-under parking in the six-unit apartment building may provide the ability 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 one-bedroom, one-bath units.
• Prime location, easy walking distance to dining, retail, and entertainment on both Vermont Ave and Virgil Ave, just four blocks from Sunset Junction in Silver Lake.