Courtesy of: Carlos Arellano, Coldwell Banker Platinum Prop, carlos@agentarellano.com
Courtesy of: Carlos Arellano, Coldwell Banker Platinum Prop, carlos@agentarellano.com
$1,399,000
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8 bed
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7.00 Bath (6 Full , 1 Half)
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Lot: 7,015.00 Square Feet
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Apartment
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$1,399,000
426 N Virgil Avenue 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!
Courtesy of: Carlos Arellano, Coldwell Banker Platinum Prop, carlos@agentarellano.com
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