18
See all 18 photos
$1,045,000
Est. payment /mo
6,010 Sqft Lot
Active
1118 N Virgil AVE Los Angeles, CA 90029
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25055220
Originating Board California Regional MLS
Year Built 1908
Lot Size 6,010 Sqft
Property Sub-Type Duplex
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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Other
Exterior
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 5542025004
Special Listing Condition Not Applicable
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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.