1118 N Virgil Ave - Multi-Family FOR SALE


Los Angeles, CA 90029- East Hollywood
$1,045,000 USD
310-259-7556
1118 N Virgil Ave, Los Angeles, CA for Sale
$1,045,000 USD
Multi-Family - FOR SALE
1/17
null | 4.08% Cap Rate

1118 N Virgil Ave
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • Seller carry at 5% with 25% down for 2-3 years!
  • Virgil Village duplex with ADU potential and one vacancy!
  • Build 2 ADUs in the rear for additional income - once built and all units are rented for market, the property will operate at a 12.65% CAP & 6.80 GRM
  • The property is comprised of (2) 2Bed+1Bath units - one is currently vacant and renovation ready
  • Walking distance from Erewhon, Courage Bagels, Sqirl, KinKan, Voodoo Vin and Melody

OVERVIEW

CALL CAMERON SAMIMI - (310) 259-7556 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.

FOR SALE DETAILS

PRICE

$1,045,000 USD

PRICE/SF

$733 USD /SF

# OF UNITS

2

PRICE/UNIT

$522,500

CAP RATE

4.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1118 N Virgil Ave, Los Angeles 90029

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,010 SF

ZONING

LAR2

APN/PARCEL ID

5542-025-004

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.