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1110 N Virgil Ave, Los Angeles, CA 90029
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1110 N Virgil Ave Los Angeles, CA 90029

$6,400,000 Sold Price as of 10/27/2022
  • -- Beds
  • -- Baths
  • 12,662 Sq.Ft.
Sold
$6,400,000 Sold Price as of 10/27/2022 Refinance Your Mortgage
Map preview of 1110 N Virgil Ave, Los Angeles, CA 90029

Property Overview: 1110 N Virgil Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 12,662 living square feet and 19,576 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 4473-4481 Santa Monica Blvd "SV Plaza" presents a generational opportunity to acquire a large hard corner parcel with established internet resistant tenants in rapidly gentrifying Virgil Village. An investor can potentially increase rental income by 24%, without tenant buy-out or relocation agreements.The 12,662 Square Foot building consists of five retail spaces on the first floor, all of which are leased. There is a good mix of national tenants including UPS and regional tenants including Urban Pet and BBQ + Rice, each with four other locations in the LA area.The second floor consists of four 1,000+ SF Apartment Units and an Office. As the building was built in 2005, the apartments are not subject to City or State rent control and can immediately be repositioned. All second floor tenants are month to month.Virgil Village has attracted young families, millennials, and East Coast transplants due to an influx of accomplished chefs and proximity to Los Feliz and Silverlake. The property is across the street from a popular bar The Virgil, and a five minute walk from Erehwon. Virgil Village is a dining destination with renowned cafes Sqirl, Melody, Courage Bagels and Kinkan. SV Plaza is a short distance from the Santa Monica Blvd/Vermont Metro and the 101 Freeway.

Listed by Oron Maher | BRE #01299093 | Maher Commercial Realty
Last checked: 4 minutes ago | Last updated: September 7th, 2023 | Source CRMLS | DOM: 287

Home details

Lot Sq. Ft
19,576
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Other
Status
Sold
MLS#
22118441
City
Los Angeles
County
Los Angeles
Time on Site
346 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.44%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1110 N Virgil Ave

Interior Features
Cooling Information
  • Has Cooling
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 20
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Other
Property Information
  • Parcel Number: 5542025002
Location / Neighborhood
Location Information
  • Directions: West on Santa Monica Blvd., North on Virgil Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 1110 N Virgil Ave

Last sold for $6,400,000 on October 27th, 2022

  • September, 2023

  • Sep 7, 2023

    Date

    Expired

    CRMLS: WS23037838

    $180,000

    Price

  • Mar 7, 2023

    Date

    Active

    CRMLS: WS23037838

    $180,000

    Price

  • Listing provided courtesy of CRMLS

    Virgil Village is just South of Los Feliz and West of Silverlake. You will find the sweet little pocket of Virgil Village. It's an exciting area to be a part of new shops popping up and creativity infused into already cool culture. Perfectly positioned and minutes from Sunset Junction and ATLA. It is only 302 Sq Ft and comes with a full kitchen, oven, Hood, and separate storage room. There is a huge outside seating area and plenty of parking space behind the restaurant. Great corner location at Virgil Ave and Santa Monica Blvd.

  • October, 2022

  • Oct 27, 2022

    Date

    Sold

    CRMLS: 22118441

    $6,400,000

    Price

  • Jan 13, 2022

    Date

    Active

    CRMLS: 22118441

    $9,000,000

    Price

  • January, 2022

  • Jan 13, 2022

    Date

    Active

    CRMLS: 22118457

    $1

    Price

  • Listing provided courtesy of CRMLS

    *Lease Rate: $4.25/psf/Modified Gross.* No Key Money. Retail/Office Space in Move In Condition. Co-Tenancy with The Urban Pet. High Trafficed Corner with Over 55,000 Cars Per Day. Located in Rapidly Gentrifying Virgil Village, which has Attracted Young Families, Millennials, and East Coast Transplants Due to an Influx of Accomplished Chefs and Proximity to Los Feliz and Silver Lake. Site is across the street from a popular bar The Virgil, and a 5 minute walk from Erehwon.

  • February, 2005

  • Feb 16, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2005

  • Feb 2, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1110 N Virgil Ave

Assessed Value (2020): $1,446,103
Year Land Value Improved Value Assessed Value
2020 $250,145 $1,195,958 $1,446,103

Home Value Compared to the Market

This property vs the competition

1110 N Virgil Ave sold on October 27, 2022 for 446.22% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $513.35 per/sqft which puts the price per square foot 32.01% lower than the current median sale per square foot for the city of Los Angeles.

About 1110 N Virgil Ave

Detailed summary of property

1110 N Virgil Ave is a other that recently sold in Los Angeles, CA 90029. This property offered -- bedrooms, -- bathrooms, roughly 12,662 living square feet, and sits on an approximately 19,576 square foot lot. 1110 N Virgil Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $6,400,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 446.22% higher than the current median priced home. Local homes that are currently for sale include 417 Main St, 17332 Irvine Blvd and 452 Victoria St. While the average home in Los Angeles, CA is selling in 94 days, 1110 N Virgil Ave has a days on market of 287 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1110 N Virgil Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1110 N Virgil Ave

Public county record property details
Beds
--
Baths
--
Year built
2005
Sq. Ft.
11,680
Lot Size
6,250
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5542-025-002

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,200,000
Median List Price/Sq.Ft.
$794
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
35
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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