1159 N Virgil Avenue
Los Angeles, CA 90029
Active Under Contract for $1,300,000
Beds: 4 Baths: 4 Structure Size: 3,456 sqft Lot Size: 6,702 sqft
| MLS | 24456913 |
| Year Built | 1924 |
| Property Type | |
| County | Los Angeles |
| Status | Active Under Contract |
| Active Under Contract | $1,300,000 |
| Structure Size | 3,456 sqft |
| Lot Size | 6,702 sqft |
| Beds | 4 |
| Baths | 4 |
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.
Listing information courtesy of: Jake Glaser, Lyon Stahl Investment Real Estate, Inc. 310-230-5157. *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Joshua Lizama
REALTOR®
Direct: 661.400.2707
Email: Email Me
DRE: 01924383
DRE #01873088
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