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Listed by Carlos Arellano • Coldwell Banker Platinum Prop
$ 1,599,000
Est. payment | /mo
3,427 SqFt
$ 1,599,000
Est. payment | /mo
3,427 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,427 sqft
Price per Sqft $466
MLS Listing ID OC-25233036
Year Built 1924
Lot Size 7,015 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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!
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR3
Interior
Heating Wall Furnace
Laundry Inside, Washer Hookup
Exterior
Parking Features Garage, Shared Driveway, Uncovered, Assigned
Garage Spaces 1.0
Pool None
Community Features Curbs, Sidewalks
Building
Lot Description Lot 6500-9999, Rectangular Lot
Sewer Public Sewer