1181-1185 N Virgil Ave - Apartments FOR SALE


Los Angeles, CA 90029- East Hollywood
$3,600,000 USD
310-766-7395
1181-1185 N Virgil Ave, Los Angeles, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/16
null | 4.94% Cap Rate

1181-1185 N Virgil Ave
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • Solar panels
  • Secured Playground Area
  • Corner Property
  • Single tenant stabilized property

OVERVIEW

Fully Renovated (2012): Modern systems, solar panels, tankless water heaters, AC, plus upgraded amenities including playground and secured parking Prime LA Location: Between Hollywood, Silver Lake, and Los Feliz, with Metro B Line access at Vermont/Sunset. Single-Tenant Structure: Tenant: First Place for Youth — nationally recognized nonprofit serving foster youth (ages 18–24) Eliminates multi-tenant turnover risk, simplifies management, and stable cash flow Long-Term Lease: Through July 2029 with two 1-year extension options In occupancy since 2019 and in good standing Maintenance Obligations: Tenant: Day-to-day repairs for unit interiors, common areas, and adjacent sidewalks/walkways Landlord: Preventative maintenance and capital improvements

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$650 USD /SF

# OF UNITS

8

PRICE/UNIT

$450,000

CAP RATE

4.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,873 SF

ZONING

LA R2-1 XL

APN/PARCEL ID

5542-026-022

ASK ABOUT THIS PROPERTY

Mauricio NunezDeodate CorporationMore Info
310-766-7395

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Mauricio NunezDeodate CorporationMore Info
310-766-7395

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.