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Map
$1,686,157*
●
Multifamily -
Off Market
858 N Virgil Ave
Los Angeles, CA 90029
8 Beds
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
5
Beds
3
Baths
2,066 ft²
$653/ft²
$1,350,000
Jul 8, 2022
-
-
In Contract
Multifamily
Stu
-
1,666 ft²
$900/ft²
$1,499,000
Oct 13, 2022
-
-
In Contract
House
3
Beds
3.5
Baths
2,187 ft²
$674/ft²
$1,475,000
Jan 19, 2023
-
$173/mo
Active
House
3
Beds
2
Baths
3,130 ft²
$414/ft²
$1,295,000
Jan 7, 2023
-
-
Active
House
3
Beds
3.5
Baths
2,130 ft²
$641/ft²
$1,365,000
Jan 12, 2023
-
$173/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/11/2022
|
|
8 Bed
|
-
|
-
|
$1,650,000
8 Bed
-
|
-
-
|
-
|
Will Tiao
The Collective Realty
|
Building Info
858 North Virgil Avenue
858 North Virgil Avenue, Los Angeles, CA 90029
- 1 Unit for Sale
About Central LA
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