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Buy a multi-family propertyat 1118 N Virgil Avenue, Los Angeles, CA 90029

$995,000

$1,100,000 (-9.55%)

$0/mo

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Multifamily

5,952 Sq. Ft. lot

0 Bathrooms

392 Days on market

P1-13255 MLS ID

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About 1118 N Virgil Avenue multi-family property

Great opportunity to own a wonderful duplex in the heart of Silverlake just blocks away from Sunset Junction. Property is zoned R2, consisting of a 1,425 SF building on a 5,952 SF lot, each unit has 2 bedrooms and 1 bathroom. It is centrally located in one of LA's hottest neighborhoods, surrounded by trendy eateries, bars, coffee shops and amazing Sunset Blvd. nightlife & entertainment. All tenants are on a month-to-month term and below market rents, adding to the upside. You can start collecting rent immediately or more with upgrades and be proud to own this duplex!
Great opportunity to own a wonderful duplex in the heart of Silverlake just blocks away from Sunset Junction. Property is zoned R2, consisting of a 1,425 SF building on a 5,952 SF lot, each unit has 2 bedrooms and 1 bathroom. It is centrally located in one of LA's hottest neighborhoods, surrounded by trendy eateries, bars, coffee shops and amazing Sunset Blvd. nightlife & entertainment. All tenants are on a month-to-month term and below market rents, adding to the upside. You can start collecting rent immediately or more with upgrades and be proud to own this duplex!

Property details

Appliances and Equipment

Convection Oven

House

Built in 1908

Stories: 1

1425 total building sqft

No Common Walls

One

Community

Sidewalks

Expenses

Insurance Expense: $1,100

Operating Expense: $4,700

Water Sewer Expense: $2,400

Garage

4 garage spaces

Income

Gross Income: 34800

Gross Scheduled Income: 43200

Net Operating Income: 38500

Listing

Listing ID: P1-13255

Property Subtype: Duplex

34 days on market

Listed on 2023-04-16

Location

County: Los Angeles

Subdivision: Not Applicable

Lot

5952 sqft

0.1366 acres

Area: 5952

Sprinklers None

Parking

4 total parking spaces

On Site

One Space

Property

Single building

Repairs Cosmetic

Roof

Composition

Sewer

Public Sewer

Utilities

2 separate electric meters

2 separate gas meters

0 separate water meters

Monthly cost

Estimated monthly cost

$6,341/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$935,300

+$29,850

$965,150

Seller agent commission$29,850 (3%)*

$0 (0%)

Buyer agent commission$29,850 (3%)*

$29,850 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $29,850 more selling your home
with an Unreal Estate agent

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State

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Unreal Estate checked: May 13, 2024 at 9:07 a.m.

Data updated: May 20, 2023 at 8:13 p.m.

Property listed by SK Realtors, Steve Lee
Based on information from California Regional Multiple Listing Service, Inc. as of 05/20/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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