Listing provided courtesy of Cameron Samimi of Lyon Stahl Investment Real Estate, Inc.. Last updated 2025-04-30 08:15:34.000000. Listing information © 2024 Sandicor.
Asking Price: $970,000 |
1118 Virgil, Los Angeles CA 90029
Community: 699 - Not Defined
This Duplex property was built in 1908 and is priced at $970,000. Please see the additional details below.
Take advantage of seller carry opportunity - 25% down at 5% IO for 2-3 years! 1118 N Virgil Ave is a duplex located in Virgil Village with the opportunity to build two 2Bed+1Bath ADUs in the rear of the property! Once ADUs are built and all units are rented for market, the property will operate at a 13.63% cap rate and 6.32 GRM. This property is ideal for any owner/user or investor looking for a value-add building. 1118 N Virgil is comprised of (2) 2Bed+1Bath units - one of the units is currently vacant. The lot size is 6,010 sqft and zoned LAR2. The subject property is located in Virgil Village, a lively submarket of Los Angeles which features many bars, restaurants and coffee shops including Erewhon, Courage Bagels, Sqirl, KinKan, Voodoo Vin and Melody. The prime location is directly in between Los Feliz and Silverlake.
