$1,300,000

1159 Virgil Avenue, Los Angeles 90029

4

Beds

4

Baths

3,456

Square feet

6,702

Lot Size

4

# Of Units

Listing Agent
Jake Glaser - Lyon Stahl Investment Real Estate, Inc.

1159 N Virgil Ave, a well-positioned quadruplex located in the highly desirable Virgil Village neighborhood of Los Angeles, adjacent to Silver Lake & Los Feliz. Built in 1924, this property offers a mix of four large 1-bedroom/1-bath units, each averaging 864 square feet. Spanning 3,456 square feet in total, the property sits on a large 0.15-acre lot, providing significant potential for the construction of (4) four detached additional dwelling units (ADUs), subject to buyer verification.The property has undergone key upgrades, including a complete re-piping to copper plumbing in 2023, and a new roof installation in the same year. Additionally, each unit has its own washer/dryer hookups, and four new water heaters were installed in 2024, two of them being tankless. With two units currently vacant and fully remodeled, there is an immediate opportunity to owner-occupy or re-lease at market rents, further increasing the income potential. There is also currently room for four uncovered parking spaces in the back of the lot off of the alley.Located just blocks away from the popular Erewhon Market and the trendy coffee shops and restaurants of Silver Lake, 1159 N Virgil Ave offers residents an ideal blend of urban vibrancy and neighborhood charm. The property's proximity to East Hollywood, boutique shops, and a thriving dining scene makes it a prime choice for investors seeking a foothold in one of Los Angeles' most in-demand rental markets.

Facts & Features

MLS® # 24456913
Price $1,300,000
Bedrooms 4
Bathrooms 4.00
Square Footage 3,456
Lot Size 6,702
Year Built 1924
Type Residential Income
Status Active
# Of Units 4

Community Information

Address 1159 Virgil Avenue
Area C21 - Silver Lake - Echo Park
City Los Angeles
County Los Angeles
Zip Code 90029

Amenities

Parking Spaces 4
Parking Uncovered
Garages Uncovered
Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fan(s)
Appliances Dryer, Washer
Heating Wall Furnace
Has Basement No
Fireplace No
# of Stories 2
Stories Two

Additional Information

Date Listed October 25th, 2024
Days on Market 11
Zoning LAR2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJake Glaser
OfficeLyon Stahl Investment Real Estate, Inc.

Listing Map

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