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Listed by Carlos Arellano, DRE #02231032 • Coldwell Banker Platinum Prop
$ 1,399,000
Est. payment /mo
New
426 N Virgil AVE Los Angeles, CA 90004
7,015 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26138170
Year Built 1924
Lot Size 7,015 Sqft
Source California Regional MLS
Property Description
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!
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Heating Gas, Wall Furnace
Cooling None
Laundry 30, Other
Exterior
Parking Features Assigned Spaces, Garage, Gate / Door Opener, Uncovered Parking
Garage Spaces 7.0
Pool 31, None
Building
Story Split Level
Water District - Public
Others
Tax ID 5539035025
Special Listing Condition Not Applicable
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