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426 N Virgil Ave
Los Angeles, CA 90004
Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- Strong Consistent Cash Flow
- Prime Location
- Redevelopment Possibilities
EXECUTIVE SUMMARY
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 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!
PROPERTY FACTS
| Price Per Unit | $533,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.95% | Building Size | 3,427 SF |
| Gross Rent Multiplier | 14.08 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Parking Ratio | 2.33/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | LAR3 - Desirable LAR3 zoning unlocks redevelopment possibilities for up to 9 units | ||
| Price Per Unit | $533,000 |
| Sale Type | Investment |
| Cap Rate | 5.95% |
| Gross Rent Multiplier | 14.08 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 3,427 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 2.33/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 - Desirable LAR3 zoning unlocks redevelopment possibilities for up to 9 units |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | - | 825 - 850 |
| 2+1.5 | 1 | - | 700 - 725 |
| 1+1 | 1 | - | 615 - 618 |
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