18
See all 18 photos
$970,000
Est. payment /mo
6,011 Sqft Lot
Price Dropped by $75K
1118 N Virgil AVE Los Angeles, CA 90029
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25055220
HOA Y/N No
Year Built 1908
Lot Size 6,011 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 13.63% cap rate and 6.32 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.
Melody. The prime location is directly in between Los Feliz and Silverlake.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LAR2
Interior
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5542025004
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner Will Carry
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner Will Carry
Special Listing Condition Standard
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556
GET MORE INFORMATION
Kandy Katz
Agent | RE. S.0195787