See Home Value
$1,686,157*
Multifamily - Off Market

858 N Virgil Ave

Los Angeles, CA 90029
bedrooms
8 Beds
bathrooms
0 Bath
$1,436,000 - $1,754,000
Reference Base Price*
5.72%
Since Mar 1, 2023
CA-Los Angeles
Primary Model

About This Property

New Pricing! Dubbed "The Coolest Street in Los Angeles" by Time Out Magazine 2022, this architectural Virgil Village four-plex has everything you want in an income property. An excellent unit mix of all 2BR/1BA apartments, two units have been completely remodeled and fetch market/near market rents. The remaining units are poised to replicate this process for substantial upside. A four-car detached garage in the rear provides additional storage income as well as potential for adding one or two ADUs. Here are some of the other highlights: *Bright and airy 2bd/1ba units all come with personal outdoor space. *4 garage units each receive $150/month/unit for a total of $600 in income per month. *Easy access to the 101 freeway and four blocks to the Redline Metro. *Four surface lot parking spaces in addition to the four-car garage. *Multiple potential development opportunities as the property is zoned LAC1 along with TOC Tier 3 and Opportunity Zone designations. *Located in the heart of Virgil Village and within a short distance from hot venues such as Vinovore and Sqirl, Erewhon, Tartine, Intelligentsia, and Courage Bagels. Priced at a 4.7 cap and 16.51 GRM with current income, and an unheard of 7 cap with pro forma income, this building is a great play for the savvy investor -- with excellent current income, and the opportunity to for even better upside.
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1916

Price History

Date / Event Date Event Price
Feb 3, 2023 No longer available -
No longer available
Nov 29, 2022 Price Decreased $1,595,000
↓ $55K (3.3%)
Price Decreased
Oct 11, 2022 Listed $1,650,000
Listed

Property Highlights

Garage
With View


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
8 Beds
-
-
$1,499,000 Jan 31, 2023
-
-
Multifamily
5 Beds
3 Baths
2,066 ft²
$653/ft²
$1,350,000 Jul 8, 2022
-
-
Multifamily
Stu
-
1,666 ft²
$900/ft²
$1,499,000 Oct 13, 2022
-
-
Multifamily
Stu
-
1,888 ft²
$821/ft²
$1,550,000 Aug 14, 2022
-
-
Multifamily
Stu
-
2,445 ft²
$626/ft²
$1,529,900 Sep 14, 2022
-
-
Multifamily
18 Beds
-
-
$1,495,000 Nov 15, 2022
-
-
House
3 Beds
3.5 Baths
2,187 ft²
$674/ft²
$1,475,000 Jan 19, 2023
-
$173/mo
House
2 Beds
2 Baths
1,104 ft²
$1,267/ft²
$1,399,000 Nov 4, 2022
-
-
House
3 Beds
2 Baths
3,130 ft²
$414/ft²
$1,295,000 Jan 7, 2023
-
-
House
3 Beds
3.5 Baths
2,130 ft²
$641/ft²
$1,365,000 Jan 12, 2023
-
$173/mo
House
4 Beds
3 Baths
1,940 ft²
$670/ft²
$1,299,000 Nov 11, 2022
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20221011
10/11/2022
8 Bed
-
-
$1,650,000
bedrooms
8 Bed
bathrooms
-
-
-
-
Will Tiao
The Collective Realty

Building Info

858 North Virgil Avenue 858 North Virgil Avenue, Los Angeles, CA 90029
  • 1 Unit for Sale
More about this Building
858 North Virgil Avenue
Want to find out who owns 858 North Virgil Avenue, Los Angeles, CA 90029? Get detailed property transactions here .

About Central LA


Similar Homes for Sale

Unit for sale at 4108 Normal Avenue, Los Angeles, CA 90029

$1,299,000

  • 4 Beds
  • 3 Baths
  • 1,940 ft²
4108 Normal Avenue, Los Angeles, CA 90029 Listing by Heidi Davis
Unit for sale at 4344 Willow Brook Avenue, Los Angeles, CA 90029

$1,365,000

  • 3 Beds
  • 3.5 Baths
  • 2,130 ft²
4344 Willow Brook Avenue #2, Los Angeles, CA 90029 Listing by Courtney Pickard
Unit for sale at 816 North Normandie Avenue, Los Angeles, CA 90029

$1,295,000

  • 3 Beds
  • 2 Baths
  • 3,130 ft²
816 North Normandie Avenue, Los Angeles, CA 90029 Listing by Tatiana Derovanessian

Nearby Rentals

Unit for rent at 1307 Lucile Avenue, Los Angeles, CA, 90026

$13,000 /mo

  • 4 Beds
  • 2 Baths
  • 2,001 ft²
1307 Lucile Avenue, Los Angeles, CA, 90026 Listing by Jennifer Parker-Stanton


Quantcast