Detail

Updated on March 20, 2018 at 9:47 pm

  • Land Area: 8,875 sq ft
  • Property Size: 5,536 sq ft
  • Price: $2,649,000
  • Year Built: 1928

Description

• Excellent multi-family investment opportunity
• Renovated and well-maintained 8-unit apartment building plus bonus office
• Great East Hollywood location!
• Currently 50% occupied (entire complex intended to be delivered vacant)
• $123,480 pro forma net annual income
• 4.66% pro forma cap rate
• 5 surface parking spaces
• Separate meters and solar panels
• Zoned LA R2 — Built 1928/1948
• Frame & stucco construction
• Assessor’s parcel number 5542-026-022
• One block north of Santa Monica Blvd and four blocks west of Sunset Blvd
• $331,125 per unit
• Please do not disturb tenants (call broker to show)

Property Documents

  • Marketing Package for 1181 N Virgil Ave
  • Address: 1181 N Virgil Ave
  • City: Los Angeles
  • State/county: CA
  • Zip/Postal Code: 90029
  • Neighborhood: East Hollywood
  • Country: United States

Features

Contact info

Mark Silverman
Mark Silverman
213.747.0379213.924.7147
Jesse McKenzie
Jesse McKenzie
213.747.4156714.883.6875
Bradley A. Luster
Bradley A. Luster
213.747.4154213.276.2483

Inquire about this property

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