426 N Virgil Avenue,Los Angeles, CA 90004
Los Angeles, CA 90004
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!
Details
| MLS # | OC26138170 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1924 |
| Days On Site | 59 |
| Listing Provided By | Coldwell Banker Platinum Prop | Carlos Arellano |
Features
| SQ Feet | 3,427 |
|---|---|
| Garage | 1 |
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 4 |
| Zoning | LAR3 |
| Acreage | 0.16 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
Exterior
| Lot Features | Rectangular Lot |
|---|
Parking
| Parking Features | Assigned, Garage, Gated, Shared Driveway, Uncovered |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Sidewalks |
|---|
Taxes
| Property | 4034 |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90004) | |
Price: $1,399,000 low | high Med: $1,750,000 sqft: 3,427 low | high Med: 5,204 $ / sqft: $408 low | high Med: $336 On site: 59 low | high Med: 121 | |
Market Activity 90004
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90004) | |
Price: $1,399,000 low | high Med: $1,750,000 sqft: 3,427 low | high Med: 5,204 $ / sqft: $408 low | high Med: $336 On site: 59 low | high Med: 121 | |
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