213-359-4843
160 S Virgil Ave, Los Angeles, CA for Sale
Apartments - FOR SALE
1/13
null | Request Cap Rate

160 S Virgil Ave
Los Angeles, CA 90004
Koreatown


HIGHLIGHTS

  • Attainable housing with institutional quality amenities
  • Capturing the most resilient renter segment
  • Attractive going-in yield with durable in-place cash flow
  • Authentic walkable lifestyle
  • Transit-based mobility
  • Strategic infill location with multi-node demand drivers

OVERVIEW

Cushman & Wakefield, Inc., as exclusive advisor, is offering for sale Violet on Virgil (“Violet” or the “Property”), a 302-unit multifamily community in Los Angeles, California. Violet provides attainable urban housing with an expansive amenity package at accessible rent levels. The Property offers compelling risk-adjusted returns driven by strong in-place yield, embedded rent growth, and exposure to one of Los Angeles’ most resilient renter demographics. Execute the CA to access due diligence documents at the following link: http://www.violet-cushman.com ATTAINABLE HOUSING WITH INSTITUTIONAL QUALITY AMENITIES – Violet on Virgil is a two-building podium community that features best-in-class lifestyle amenities including two pools, indoor/outdoor fitness centers, activated courtyards, a resident clubhouse, and social lounges. CAPTURING THE MOST RESILIENT RENTER SEGMENT – Violet’s rents are priced within an attainable band that aligns with the majority of Los Angeles’ renter base - creating a deep recurring demand pool. ATTRACTIVE GOING-IN YIELD WITH DURABLE IN-PLACE CASH FLOW – Violet delivers strong in-place cash flow with embedded upside through continued unit renovations and strong projected rent growth. AUTHENTIC WALKABLE LIFESTYLE – Positioned between Silver Lake and Koreatown, the area has a 24- hour urban pulse with an enviable food scene, an active nightlife district, extensive arts and cultural activities, and an abundance of shopping options. TRANSIT-BASED MOBILITY – Access to public transit is essential for attracting renters by necessity. Violet is blocks from a Metro Rail station offering immediate connectivity throughout Los Angeles. STRATEGIC INFILL LOCATION WITH MULTI-NODE DEMAND DRIVERS – The Property’s central location captures numerous employment demand generators including Hollywood, West Hollywood, Silver Lake, Downtown Los Angeles, the Wilshire Corridor, and Culver City. PROXIMITY TO WORLD-CLASS HEALTHCARE CAMPUSES – Violet on Virgil benefits from its proximity to Children’s Hospital Los Angeles, Kaiser Permanente, and CHA Hollywood Presbyterian Medical Center, which combined employ over 18,000 healthcare professionals.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

302

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Violet on Virgil

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

393

LAND DETAILS

LAND ACRES

2.78 AC

LAND SF

121,097 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5501-017-044,5501-017-045

ASK ABOUT THIS PROPERTY

Marc RenardCushman & WakefieldMore Info
213-359-4843

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Marc RenardCushman & WakefieldMore Info
213-359-4843

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