Los Angeles, CA 90029,1159 N Virgil Ave

$1,240,000

$1,300,000

4.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

4 Beds

4 Baths

3,456 SqFt


SOLD DATE : 01/14/2025

Key Details

Sold Price $1,240,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,456 sqft

Price per Sqft $358

MLS Listing ID 24-456913

Sold Date 01/14/25

Bedrooms 4

Year Built 1924

Lot Size 6,702 Sqft

Acres 0.1539

Property Description

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.

Location

State CA

County Los Angeles

Area Silver Lake - Echo Park

Zoning LAR2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan, Window Unit(s)

Equipment Ceiling Fan, Washer, Dryer

Exterior

Parking Features Uncovered

Garage Spaces 4.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.
Bought with Lyon Stahl Investment Real Estate, Inc.
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(916) 975-2700

listings@guiderealestate.com

1610 R Street, Sacramento, California, 95811, United States

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.