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.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
48943066
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
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Exterior Features
Building Information
- Year Built: 1908
- Building Area Total: 1,425
Pool Features
- None
Laundry Features
- Inside
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.138
- Lot Size Source: Assessor
- Lot Size Square Feet: 6010
-
Listing Information
Listing Price Information
- Original List Price: 970,000
- Listing Contract Date: 2025-03-11
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 5542025004
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 699 - Not Defined
- Postal Code Plus 4: 2016
- Directions: Major Cross Streets are Santa Monica Blvd and W Sunset Blvd
- Zoning: LAR2
- Source Property Type: Residential Income
- Area: 699 - Not Defined
- Property SubType: Duplex
Building and Construction
- Property Age: 117
- Common Walls: 1 Common Wall
- Structure Type: Duplex
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 05/14/2025 @ 02:58
- MLS: SB25055220
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 4 bedrooms which is for sale, it has 1,425 sqft, 6,010 sized lot, and 0 parking. are nearby neighborhoods.