$ 1,399,000
-
$1,399,000
Price -
0
Bed -
0
Bath -
3,427
SqFt
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About the Listing I054 - OCARELCAR
Exceptional income-producing multifamily gem in the heart of Los Angeles! Investors and developers will appreciate 426 N Virgil Ave, a 5-unit investment opportunity ideally situated just minutes from Silver Lake, Echo Park, Sunset, Hollywood, and Downtown. Already generating strong, consistent cash flow, this property is offered at an attractive 6.8% cap rate and still presents significant untapped rental potential with approximately 65% NOI upside. Its desirable LAR3 zoning also provides redevelopment possibilities for up to 9 units. Spanning 3,427 sq ft on a generous 7,013 sq ft lot, it features a dynamic unit mix (1 x 3BD/2BA, 1 x 2BD/1.5BA, 3 x 1BD/1BA) across four well-maintained buildings, all individually metered for streamlined management and utility efficiency. Includes 6-car driveway parking plus a garage for parking or storage. Don't miss this rare chance to acquire a high-performing asset in one of Los Angeles' most sought-after rental markets!
Listing Highlights
Status
Active
Days on Site
10
Property Type
Multi-Family
MLS ®
OC26138170
Year Built
1924
Total Square Footage
3,427
Lot/Acreage
0.16
County
Los Angeles
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Rectangular Lot,No Land Lease
- Garage Capacity: 1 car
- Parking Spaces: 7
- Zoning: LAR3
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Garage,Gated,Shared Driveway,Uncovered
Financial Details
- Tax Amount: $4,034
- Taxes w/Assessments: N/A
- Tax/Property ID: 5539035025
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
426 N Virgil Ave Los Angeles, CA 90004
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