858 N Virgil Ave

Los Angeles, CA, 90029

$1,499,000

$455 per ft²
$1,499,000
$455 per ft²
Active
Active
 - For Sale
beds
8 Beds
baths
4 Baths
carpenters-square
3,288 ft²
property_type
Multi-family
calendar
Built 1916
New Pricing! Now priced at a 5.06 cap and 15.41 GRM with current income, and a 7.67 cap with pro forma income, Dubbed "The Coolest Street in Los Angeles" by Time Out Magazine 2022, this architectural Virgil Village four-plex has everything you want in an income property. An excellent unit mix of all 2BR/1BA apartments, two units have been completely remodeled and fetch market/near market rents. The remaining units are poised to replicate this process for substantial upside. A four-car detached garage in the rear provides additional storage income as well as potential for adding one or two ADUs. Here are some of the other highlights: Bright and airy 2bd/1ba units all come with personal outdoor space. 4 garage units each receive $150/month/unit for a total of $600 in income per month. Easy access to the 101 freeway and four blocks to the Redline Metro. Four surface lot parking spaces in addition to the four-car garage. Multiple potential development opportunities as the property is zoned LAC1 along with TOC Tier 3 and Opportunity Zone designations. Located in the heart of Virgil Village and within a short distance from hot venues such as Vinovore and Sqirl, Erewhon, Tartine, Intelligentsia, and Courage Bagels. This building is a great play for the savvy investor -- with excellent current income, and the opportunity for even better upside.
MLS® ID:
23-237465
Listed:
1/30/23
Updated:
3/22/23

Interior Features

Kitchen Appliances
Range
Total Bedrooms
8
Total Bathrooms
4
Laundry Description
None
Floor Description
Mixed
Fireplace
Kitchen, Living Room, Dining
Cooling
None
Heating
Wall Gas

Exterior/Building Features

Lot Size
5,665 ft² lot
Exterior Features
Other
Architectural Style
Arts and Crafts
Lot Details
Fenced

Other Property Details

Association Amenities
None
Garage
Yes
Garage Spaces
4
Parking
Garage Is Detached
Parking Total
8.0
View
Y
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
1
Zoning
LAC1

Courtesy of The Collective Realty, Will Tiao,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Eve Capital shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/22/23

Contact