426 N Virgil Avenue, Los Angeles, CA 90004
- $1,399,000
- List Price
- $1,399,000
- Status
- ACTIVE
- MLS#
- OC26138170
- Year Built
- 1924
- Lot Size
- 7,015
- Acres
- 0.16
- Lot Location
- Rectangular Lot
- Days on Market
- 35
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Multi Level
Property Description
Exceptional income-producing multifamily gem in the heart of Los Angeles! Investors and developers will appreciate 426 N Virgil Ave, a 5-unit investment opportunity ideally situated just minutes from Silver Lake, Echo Park, Sunset, Hollywood, and Downtown. Already generating strong, consistent cash flow, this property is offered at an attractive 6.8% cap rate and still presents significant untapped rental potential with approximately 65% NOI upside. Its desirable LAR3 zoning also provides redevelopment possibilities for up to 9 units. Spanning 3,427 sq ft on a generous 7,013 sq ft lot, it features a dynamic unit mix (1 x 3BD/2BA, 1 x 2BD/1.5BA, 3 x 1BD/1BA) across four well-maintained buildings, all individually metered for streamlined management and utility efficiency. Includes 6-car driveway parking plus a garage for parking or storage. Don't miss this rare chance to acquire a high-performing asset in one of Los Angeles' most sought-after rental markets!
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Additional Information
- Taxes
- $4,034
- Pool Description
- None
- Heat
- Natural Gas, Wall Furnace
- Cooling Description
- None
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $113,592
- Operating Expense
- 18406
Listing courtesy of Listing Agent: Carlos Arellano (carlos@agentarellano.com) from Listing Office: Coldwell Banker Platinum Prop.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.