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$ 1,399,000
Est. payment | /mo
7 Beds
6 Baths
7,015 Sqft Lot
$ 1,399,000
Est. payment | /mo
7 Beds
6 Baths
7,015 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26138170
Bedrooms 7
Lot Size 7,015 Sqft
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction Virgil & Melrose Ave | South of Sunset
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5539035025
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Carlos Arellano, DRE#02231032 Coldwell Banker Platinum Prop
Nearby Locations
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