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560 N Virgil Ave
Los Angeles, CA 90004
Multifamily Property For Sale
·
15 Units
Investment Highlights
- Possible development site in East Hollywood/Silverlake area.
- Convenient location on busy Virgil Ave. with easy access to Hollywood & Golden State Fwys. Close to Downtown L.A., Hollywood, Glendale & Burbank.
- Next door 564 N. Virgil Ave, the old-fashioned rooming house licensed for 23 rooms, is also for sale.
Property Facts
About 560 N VIRGIL AVE , LOS ANGELES, CA 90004
East Hollywood Triplex located on busy Virgil Ave south of Melrose Ave. 2 bedrooms 1 bath each on 5,251 sq.ft lot. Zoning R-3. Currently under TOC (Transit Oriented Communities Affordable Housing Incentive Program), the property is designated as Tier 3. Next door 564 N. Virgil Ave, Rooming house is also for sale. Rare opportunity located in Silver Lake, Echo Park, and Koreatown, this is a prime development opportunity for investors looking to capture strong rents in a highly increasing demand area. The TOC also provides for reduced parking and setback requirements,
Property Taxes
| Parcel Number | 5539-029-030 | Improvements Assessment | $324,729 |
| Land Assessment | $779,350 | Total Assessment | $1,104,079 |
Property Taxes
Parcel Number
5539-029-030
Land Assessment
$779,350
Improvements Assessment
$324,729
Total Assessment
$1,104,079
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