Take advantage of seller carry opportunity - 25% down at 5% IO for 2-3 years! 1118 N Virgil Ave is a duplex located in Virgil Village with the opportunity to build two 2Bed+1Bath ADUs in the rear of the property! Once ADUs are built and all units are rented for… Read More market, the property will operate at a 13.63% cap rate and 6.32 GRM. This property is ideal for any owner/user or investor looking for a value-add building. 1118 N Virgil is comprised of (2) 2Bed+1Bath units - one of the units is currently vacant. The lot size is 6,010 sqft and zoned LAR2. The subject property is located in Virgil Village, a lively submarket of Los Angeles which features many bars, restaurants and coffee shops including Erewhon, Courage Bagels, Sqirl, KinKan, Voodoo Vin and Melody. The prime location is directly in between Los Feliz and Silverlake. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-259-7556
Listing Snapshot
Days Online
70
Last Updated
Property Type
Duplex
Lot Size
0.14 Acres
Year Built
1908
MLS Number
SB25055220
30 Days Snapshot Of 90029
$994k
+10%
(avg) sold price
5
+400%
homes sold
105
+275%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1908, Building area total: 1,425, Levels: One, 1 story, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Community
Urban
Expenses
Operating expense: $12,076
Income
Gross income: $56,400, Net operating income: $42,632
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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