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Map
$1,558,627*
●
Multifamily -
Off Market
858 N Virgil Ave
Los Angeles, CA 90029
8 Beds
0 Bath
$1,350,000 - $1,648,000
Reference Base Price*
3.98%
Since Apr 1, 2023
CA-Los Angeles
Primary Model
About This Property
New Pricing! Now priced at a 5.06 cap and 15.41 GRM with current
income, and a 7.67 cap with pro forma income, 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. This building is a great play for the savvy
investor -- with excellent current income, and the opportunity 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 |
---|---|---|---|
Mar 24, 2023 | No longer available | - | |
No longer available | |||
Jan 31, 2023 | Listed | $1,499,000 | |
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
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
3.5
Baths
2,130 ft²
$641/ft²
$1,365,000
Jan 12, 2023
-
$173/mo
Active
House
3
Beds
2
Baths
3,130 ft²
$414/ft²
$1,295,000
Jan 7, 2023
-
-
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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