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Backup Offers

1159 N Virgil Ave, Los Angeles, CA, 90029

$1,300,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Baths
3,456 SqFt
$376/SqFt
House

Location

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1159 N Virgil Ave, Los Angeles$1,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingUncovered
Year Built1924
HeatingWall Furnace
MLS #24456913
Lot Size0.15 Acres
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.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1159 N Virgil Ave vs Los Angeles

27 DAYS ON ROCKET

-11 Days

$1,300,000

+$276.5K More

$376/SqFt

-$265 Less

KEY TAKEAWAY

This property is $276.5K more than the Median Sold Price and $265/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

IDX 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: 11/21/2024, 8:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
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.

Payment Calculator

$6,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,964

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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.

Nearby Schools

school-card-donut-420788
4
/10

  • Lockwood Avenue Elementary

  • 4345 Lockwood Ave

  • 0.26 miles

  • Public District Grades KG-6

school-card-donut-420789
7
/10

  • Micheltorena Elementary

  • 1511 Micheltorena St

  • 0.71 miles

  • Public District Grades KG-5

school-card-donut-420790
7
/10

  • Dayton Heights Elementary School

  • 607 N Westmoreland Ave

  • 0.74 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,530. The most common annual income of people living in Los Angeles, CA is less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

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.

Rocket Homes›California›Los Angeles County›Los Angeles›90029›1159 N Virgil Ave

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.

Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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