StatusAccepting Backup Offers (Active Under Contract)
About 1159 N Virgil Ave
1159 N Virgil Ave, a well-positioned quadruplex located in the highly desirable Virgil Village neighborhood of Los Angeles, adjacent to Silver Lake & Los Feliz. Built in 1924, this property offers a mix of four large 1-bedroom/1-bath units, each averaging 864 square feet. Spanning 3,456 square feet in total, the property sits on a large 0.15-acre lot, providing significant potential for the construction of (4) four detached additional dwelling units (ADUs), subject to buyer verification.The property has undergone key upgrades, including a complete re-piping to copper plumbing in 2023, and a new roof installation in the same year. Additionally, each unit has its own washer/dryer hookups, and four new water heaters were installed in 2024, two of them being tankless. With two units currently vacant and fully remodeled, there is an immediate opportunity to owner-occupy or re-lease at market rents, further increasing the income potential. There is also currently room for four uncovered parking spaces in the back of the lot off of the alley.Located just blocks away from the popular Erewhon Market and the trendy coffee shops and restaurants of Silver Lake, 1159 N Virgil Ave offers residents an ideal blend of urban vibrancy and neighborhood charm. The property's proximity to East Hollywood, boutique shops, and a thriving dining scene makes it a prime choice for investors seeking a foothold in one of Los Angeles' most in-demand rental markets.
Property Details
Property Features
Property Information:
Year Built: 1924
Stories: 2
Living Area: 3,456 SqFt
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 425-9838
Listing Agent: Jake Glaser
Interior Features
Interior Information:
Appliances: Dryer, Washer
Interior: Ceiling Fan(s)
Bedroom and Bathroom Information:
Total Bedroom Count: 4
Exterior Features
Parking Information:
Parking: Uncovered
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Other
Directions Information:
Directions: Located on the west side of Virgil Ave between Santa Monica Blvd and Fountain Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $1,300,000
Price Per SqFt: $376/SqFt
Tax Information:
Annual Amount: $1,315
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $278.4K more than the Median Sold Price and $264/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24456913
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 425-9838
Listing Agent: Jake Glaser
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/23/2024, 3:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,315
$67,676
2020
$1,285
$66,983
2019
$1,199
$65,670
2018
$1,178
$64,383
2017
$1,178
$63,121
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Lockwood Avenue Elementary
4345 Lockwood Ave
Distance between this listing and this school0.26 miles
Public District Grades KG-6
7
/10
Micheltorena Elementary
1511 Micheltorena St
Distance between this listing and this school0.71 miles
Public District Grades KG-5
7
/10
Dayton Heights Elementary School
607 N Westmoreland Ave
Distance between this listing and this school0.74 miles
Public District Grades KG-5
Nearby Schools
6
/10
Thomas Starr King Middle School
4201 Fountain Ave
Distance between this listing and this school0.42 miles
Public Magnet Grades 6-8
5
/10
Virgil Middle School
152 N Vermont Ave
Distance between this listing and this school1.31 miles
Public District Grades 6-8
3
/10
Vista Charter Middle School
2900 W Temple St
Distance between this listing and this school1.37 miles
Public Charter Grades 6-8
Nearby Schools
7
/10
Camino Nuevo High #2
3500 W Temple St
Distance between this listing and this school1.11 miles
Public Charter Grades 9-12
8
/10
John Marshall High School
3939 Tracy St
Distance between this listing and this school1.20 miles
Public District Grades 9-12
7
/10
Central City Value
221 N Westmoreland Ave
Distance between this listing and this school1.21 miles
The neighbors living near this home have an average income of $39,530. Residents of Los Angeles, CA typically earn less than $35k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1159 N Virgil Ave
What is the listing price of this property?
The listing price of 1159 N Virgil Ave property is $1,300,000.
What type of property is this?
The property 1159 N Virgil Ave is a house located in Los Angeles, California, 90029.
Is this property for sale now?
Accepting Backup Offers: 1159 N Virgil Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,315 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 1159 N Virgil Ave has 4 bedrooms and 4 bathrooms.
What is the square footage of this property?
The property 1159 N Virgil Ave is 3,456 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1159 N Virgil Ave is 1924.
This home is located at 1159 N Virgil Ave in Los Angeles, CA and zip code 90029 in the Central LA neighborhood. This 3,456 square foot home, which was built in 1924, sits on a 0.15 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $1,300,000.
In November 2024 more than 512 listings in Los Angeles, CA were sold above the asking price. During the same period more than 177 listings were sold at asking price, while more than 657 were sold below. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.