Attention investors & developers! Discover 426 N Virgil Ave, a 5-unit multifamily investment gem located just minutes from Silver Lake, Echo Park, Sunset, Hollywood, and Downtown. Generating strong, consistent cash flow with long-term income stability, this property still holds untapped potential for significant rental upside. Its desirable LAR3 zoning also… Read More unlocks 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 easy management and optimal utility efficiency. Includes 6-car driveway parking, plus a garage for parking or storage. Seize this rare opportunity to own a high-yielding, income-producing asset in a thriving rental market! Read Less
Property listed by Coldwell Banker Platinum Prop, Carlos Arellano 714-458-3721
Listing Snapshot
Days Online
2
Last Updated
Property Type
Quadruplex
Lot Size
0.16 Acres
Year Built
1924
MLS Number
OC25233036
30 Days Snapshot Of 90004
$2.74M
+38%
(avg) sold price
12
+140%
homes sold
88
+41%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1924, Building area total: 3,427, Levels: MultiSplit, 4 buildings, Common walls: NoCommonWalls
Community
Curbs, Sidewalks
Cooling
None
Expenses
Insurance expense: $6,301, Operating expense: $18,406, Water sewer expense: $6,814
Garage
1 space
Heating
NaturalGas, WallFurnace
Income
Gross income: $110,280, Net operating income: $91,874
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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