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$ 970,000
Est. payment | /mo
4 Beds
2 Baths
6,010 Sqft Lot
$ 970,000
Est. payment | /mo
4 Beds
2 Baths
6,010 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25055220
Bedrooms 4
HOA Y/N No
Lot Size 6,010 Sqft
Property Sub-Type Res Income 2-4 Units
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.
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.
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.
Location
State CA
County Los Angeles
Area Los Angeles (90029)
Zoning Assessor
Building
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $31
Acceptable Financing Cash, Conventional, Exchange
Space Rent $1,500
Listing Terms Cash, Conventional, Exchange
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
12750 High Bluff Dr. #300, San Diego, California, 92130, USA