Tim Kirk

REALTOR® | TEAM LEADER | DRE# 01941662 | License ID: 01941662

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$ 895,000

$ 970,000 7.7%

Est. payment -/mo

Sold on 06/05/2025

1118 N Virgil AVE Los Angeles, CA 90029

6,011 Sqft Lot

UPDATED:

Key Details

Sold Price $895,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB25055220

Sold Date 06/05/25

HOA Y/N No

Year Built 1908

Lot Size 6,011 Sqft

Property Sub-Type Duplex

Property Description

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 13.63% cap rate and 6.32 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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LAR2

Interior

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Urban

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5542025004

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner Will Carry

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner Will Carry

Financing Seller Financing

Special Listing Condition Standard

Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556
Bought with Isaiah Vasquez • Cal-Prime Realty

Tim Kirk

REALTOR® | TEAM LEADER | DRE# 01941662 | License ID: 01941662

+1(760) 704-9252

GET MORE INFORMATION

1118 N Virgil AVE Los Angeles, CA 90029

Key Details

Location

Interior

Exterior

Building

Others

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1118 N Virgil AVE