906- 912 N VIRGIL AVE

LOS ANGELES, CA, 90029

$4,495,000

$387 per ft²
$4,495,000
$387 per ft²
Active
Active
 - For Sale
beds
16 Beds
baths
16 Baths
carpenters-square
11,588 ft²
property_type
Multi-family
calendar
Built 1926
We are pleased to present a sixteen (16) unit apartment building located at 906-912 N Virgil Avenue in Los Angeles, California. The subject property is situated in a prime Virgil Village location one block outside of Silver Lake, south of Santa Monica Boulevard and east of North Vermont Avenue. Built in 1926, this property contains a streamlined unit mix of sixteen (16) large one bedroom / one bathroom units spread across two (2) lots. The separate lots have eight (8) units each, so there is no need for a on-site manager. Situated in an opportunity zone, the property features a brand new roof completed in 2022, a completely redone foundation, fully repiped plumbing, and a secure gating system. Seven (7) of the units are fully renovated with new in-unit washer/dryers, and all units have access to the incredible center courtyard. Tenants will love being within walking distance so some of the trendiest restaurant, retail, and entertainment amenities across North Virgil Village and Silver Lake. Some of these amenities include Alma's Cider & Beer right next door, Bolita, Virgil Normal, Erewhon Market, The Black Cat, Bacari Silverlake + Bar Bacari, Pine and Crane, and many more. Outdoor recreation is also available less than half a mile away at the Bellevue Recreation Center and Park. Residents of this building have central access to all that Los Angeles has to offer. Situated in a prime Virgil Village location one block outside of Silver Lake, this offering presents an excellent opportunity for any investor to capitalize on nearly 60% rental upside potential in a core market of Los Angeles.
MLS® ID:
22-150503
Listed:
4/25/22
Updated:
10/7/22

Interior Features

Kitchen Appliances
Oven, Microwave, Built-Ins, Range
Kitchen Features
Remodeled
Total Bedrooms
16
Total Bathrooms
16
Interior Features
Built-Ins, Laundry - Closet Stacked, Storage Space
Laundry Description
In Unit
Floor Description
Wood
Cooling
Air Conditioning
Heating
Wall

Exterior/Building Features

Lot Size
0.25 acres lot
Exterior Features
None
Architectural Style
Spanish
Lot Details
2-4 Lots

Other Property Details

Garage
No
Parking
None
View
Y
County
Los Angeles
Pool
No
Pool Description
None
Total Stories
2
Zoning
LAR3

 

Courtesy of Marcus & Millichap, Jason Tuvia,
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 The Parisi Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/7/22

Contact