Under contract
1159 N Virgil Ave
Los Angeles CA, 90029
$1,300,000
$376.16 per sqft
Under contract
4 Beds
4 Baths
3,456 sqft
Multi-family
Built in 1924
1159 N Virgil Ave, a well-positioned quadruplex located in the highly desirable Virgil Village neighborhood of Los Angeles, adjacent to Silver Lake & Los Feliz. Built in 1924, this property offers a mix of four large 1-bedroom/1-bath units, each averaging 864 square feet. Spanning 3,456 square feet in total, the property sits on a large 0.15-acre lot, providing significant potential for the construction of (4) four detached additional dwelling units (ADUs), subject to buyer verification.The property has undergone key upgrades, including a complete re-piping to copper plumbing in 2023, and a new roof installation in the same year. Additionally, each unit has its own washer/dryer hookups, and four new water heaters were installed in 2024, two of them being tankless. With two units currently vacant and fully remodeled, there is an immediate opportunity to owner-occupy or re-lease at market rents, further increasing the income potential. There is also currently room for four uncovered parking spaces in the back of the lot off of the alley.Located just blocks away from the popular Erewhon Market and the trendy coffee shops and restaurants of Silver Lake, 1159 N Virgil Ave offers residents an ideal blend of urban vibrancy and neighborhood charm. The property's proximity to East Hollywood, boutique shops, and a thriving dining scene makes it a prime choice for investors seeking a foothold in one of Los Angeles' most in-demand rental markets.
24-456913
MLSⓇ ID
October 25, 2024
Listed
November 22, 2024
Updated
Map
1159 N Virgil Ave
Los Angeles CA, 90029
Interior Features
Total Stories
2
Bedrooms
4
Total Bathrooms
4
Appliances
Ceiling Fan, Washer, Dryer
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan, Window Unit(s)
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.15 Acres
Other Property Details
Area Name
Silver Lake - Echo Park
Days on Market
17
Garage
No
Parking
Uncovered
Parking Total
4
View
No
County
Los Angeles
Pool
No
Zoning
LAR2
Listing History
Date | Event | Price |
---|---|---|
11/11/2024 | Under contract | — |
11/7/2024 | Active | — |
11/5/2024 | Under contract | — |
Listed by Jake Glaser with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-230-5157
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.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024