426 N Virgil Avenue, Los Angeles, CA 90004
List Price: $1.4M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1924
Lot Size: 7,015 sq ft
Garage Spaces: 1
Private Pool: Yes
Annual Property Tax: $4,034
MLS Number: OC26138170
About This Property
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!
Listing provided by: Carlos Arellano DRE #02231032 949-552-0505 carlos@agentarellano.com, Coldwell Banker Platinum Prop
Source: CRMLS, MLS #: OC26138170
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.