CA > Los Angeles
Los Angeles, CA 90029,1118 N Virgil Avenue
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Los Angeles, CA 90029,1118 N Virgil Avenue
Los Angeles, CA 90029,1118 N Virgil Avenue
Los Angeles, CA 90029,1118 N Virgil Avenue
Los Angeles, CA 90029,1118 N Virgil Avenue
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Don Pelletier

Don Pelletier

+1(858) 336-1114
$ 1,045,000
Est. payment /mo
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Active

1118 N Virgil Avenue Los Angeles, CA 90029

4 Beds

2 Baths

6,010 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25055220

Bedrooms 4

HOA Y/N No

Lot Size 6,010 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Take advantage of seller carry opportunity - 25% down at 5% IO for 2-3 years! 1118 N Virgil Ave is a duplex located in Virgil Village with the opportunity to build two 2Bed+1Bath ADUs in the rear of the property! Once ADUs are built and all units are rented for market, the property will operate at a 12.65% cap rate and 6.80 GRM. This property is ideal for any owner/user or investor looking for a value-add building. 1118 N Virgil is comprised of (2) 2Bed+1Bath units - one of the units is currently vacant. The lot size is 6,010 sqft and zoned LAR2. The subject property is located in Virgil Village, a lively submarket of Los Angeles which features many bars, restaurants and coffee shops including Erewhon, Courage Bagels, Sqirl, KinKan, Voodoo Vin and Melody. The prime location is directly in between Los Feliz and Silverlake.
Take advantage of seller carry opportunity - 25% down at 5% IO for 2-3 years! 1118 N Virgil Ave is a duplex located in Virgil Village with the opportunity to build two 2Bed+1Bath ADUs in the rear of the property! Once ADUs are built and all units are rented for market, the property will operate at a 12.65% cap rate and 6.80 GRM. This property is ideal for any owner/user or investor looking for a value-add building. 1118 N Virgil is comprised of (2) 2Bed+1Bath units - one of the units is currently vacant. The lot size is 6,010 sqft and zoned LAR2. The subject property is located in Virgil Village, a lively submarket of Los Angeles which features many bars, restaurants and coffee shops including Erewhon, Courage Bagels, Sqirl, KinKan, Voodoo Vin and Melody. The prime location is directly in between Los Feliz and Silverlake.

Location

State CA

County Los Angeles

Area Los Angeles (90029)

Zoning Assessor

Building

Story 1

Lot Size Range 4000-7499 SF

Level or Stories 1 Story

Others

Monthly Total Fees $31

Acceptable Financing Cash, Conventional, Exchange

Space Rent $1,500

Listing Terms Cash, Conventional, Exchange

San Diego Regional MLS (SDMLS)
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
agent

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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1118 N Virgil Avenue

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