$1,300,000
Accepting Backup Offers

1159 N Virgil Avenue

Los Angeles, CA 90029
3456 sqft | 4 beds | 0.15 acres | #24456913
Listing OfficeLyon Stahl Investment Real Estate, Inc.
Browse 28 photos
Type:Multi-Family
Structure:House
Zone:Commercial

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.

  • Interior Details
      • InteriorCeilingFans
    • Beds & Baths
      • Bedrooms4
  • Property Details
      • Stories2
    • Measurements
      • Acres0.1539
      • Square Feet3456
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1924
  • Community and Neighborhood Details
      • CountyLos Angeles
  • Financial Details
      • Original List Price$1,300,000
  • Other
      • MLS #24456913

Location

Gary ElminoufiReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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