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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 12.65% cap rate and 6.80 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.
Property Type(s):
Single Family
| Last Updated | 3/13/2025 | Year Built | 1908 |
|---|---|---|---|
| County | Los Angeles |
SCHOOLS
| School District | Los Angeles Unified |
|---|
Additional Details
| AIR | See Remarks |
|---|---|
| AIR CONDITIONING | Yes |
| FIREPLACE | Yes |
| GARAGE | 0 |
| HOA DUES | 0 |
| LOT | 5955 sq ft |
| POOL | Yes |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| WATER | Public |
| ZONING | LAR2 |
Listing provided by Cameron Samimi |Lyon Stahl Investment Real Estate, Inc.
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