Price
$ 1,295,000
Pending

1125 N VIRGIL AVE, Los Angeles, CA 90029  

1125 N VIRGIL AVE, Los Angeles, CA 90029  

Development opportunity in prime "Virgil Village" location adj. to Silverlake. Build into stabilized 6.5% cap rate upon lease up. Project delivered RTI "shovel ready". Build two duplexs behind existing SFR as follows: Duplex A- (2) 1,235 SF three-story 3bd/2.5ba townhouses w/ private rooftop decks w/ dramatic landmark & city light views. Duplex B- (2) 1,060 SF two-story 2bd/1.5ba townhouses, & 800 SF existing freestanding 2bd/1.5ba single family home. Each apartment home has W/D, and two parking spaces accessed through the rear alley. Existing home is 3BR and is currently being leased for $3,500/mo and can be delivered vacant. Situated in central location, two blocks from Metro & a few blocks from Silverlake's uber popular Sunset Junction. Walking distance to LA City College, restaurants, shops, markets with 90 walk score. Marketing package available upon request.

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Listing Type
Vacant Land
Listing ID
17245598
Listing Status
For Sale Under Contract
County
Los Angeles
School District 1
LOCKWOOD AVE ELEMENTARY
School District 2
LOCKWOOD AVE ELEMENTARY
School District 3
JOHN MARSHALL SENIOR HIGH
Listing courtesy of Shawn S. Kormondy~BRE #: 01451888~Keller Williams Beverly Hills
Price History
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Date Event Change Price
7/20/2017 Price change $-5,000 (-0.4%) $1,295,000
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