Listing Courtesy of: Jake Glaser - Lyon Stahl Investment Real Estate, Inc. 310-425-9838
$1,300,000 affordable loan icon Calculate Payment

Virgil Ave Los Angeles, CA 90029

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Other Residence
4 Beds
4 Baths
3,456 Sq. Ft.
0.15 Acre Lot
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Last updated on 11/15/2024 10:08 PM

Listing Details

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. Continue reading
MLS#
24-456913
Property Type
Other
Bedrooms
4
Bathrooms
Year Built
1924
Square Feet
3,456 sq. ft
Price per Sq. Ft.
$376.16
Lot Size
0.15
Sewer
No Sewer
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Listing Courtesy of: Jake Glaser - Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Barbara Lynn Simmons, License CALBRE 637579, Xome Inc., License CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361


Based on information from Combined LA/Westside Multiple Listing Service, Inc. as of 11/16/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
This content last refreshed on 11/15/2024 10:08 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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