4332 Lockwood AVE Hollywood, CA 90029

4332 Lockwood Avenue is a 10-unit courtyard style apartment community located in a densely populated rental submarket known for excellent rent growth and low vacancy rates. The asset has NOT undergone a meaningful renovation. Similar renovated One Bedroom units in the immediate area achieve rental rates upwards of $3.50 per square foot vs. $1.17 per square foot being collected currently, thus providing approx. a 200% increase in rental potential as units become vacant. The location is +/- 1/2 mile from Silver Lake’s Sunset Junction and provides easy access to numerous entertainment venues such as Intelligentsia, Mohawk General Store, Cafe Stella, Forage, Squirl and Twig & Twine. Travel west to endless dining and shopping options in Hollywood and within minutes, a short drive puts you in DTLA and Echo Park. 4332 Lockwood Avenue is located within a newly established Qualified Opportunity Zone for investment, established by the Tax Cuts and Jobs Act, Section 1400Z. The subject property is located 1/2 mile from the Vermont / Santa Monica Blvd. Redline Station for an easy commute to Hollywood or Downtown Los Angeles.