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Kit Jin

kit@jinshomegroup.com +1(949) 688-3629

$ 1,399,000

Est. payment | -/mo

7,013 Sqft Lot

Save

$ 1,399,000

Est. payment | -/mo

Save

7,013 Sqft Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26138170

HOA Y/N No

Year Built 1924

Annual Tax Amount $4,034

Lot Size 7,013 Sqft

Property Sub-Type Apartment

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

Zoning LAR3

Interior

Heating Natural Gas, Wall Furnace

Cooling None

Fireplace No

Laundry Washer Hookup, Inside

Exterior

Parking Features Assigned, Garage, Gated, Shared Driveway, Uncovered

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Multi/Split

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5539035025

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Carlos Arellano Coldwell Banker Platinum Prop 714-458-3721, DRE #02231032

NEARBY SCHOOLS & PROPERTIES

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(949) 688-3629

kit@jinshomegroup.com

20 Corporate Park # 175, Irvine, CA, 92606, United States

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426 N Virgil AVE Los Angeles, CA 90004