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185 S Virgil Ave, Los Angeles, CA 90004
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185 S Virgil Ave Los Angeles, CA 90004

$1,250,000 Sold Price as of 11/30/2021
  • 10 Beds
  • 8 Baths
  • 2,552 Sq.Ft.
Sold
$1,250,000 Sold Price as of 11/30/2021 Refinance Your Mortgage
Map preview of 185 S Virgil Ave, Los Angeles, CA 90004

Property Overview: 185 S Virgil Ave Los Angeles, CA has 10 bedrooms, 8 bathrooms, 2,552 living square feet and 5,824 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Opportunity with well maintained triplex in desirable area, close to K-town, Silver Lake. This triplex offers 3bed 3baths, 2bed 1bath and 1bed 1bath. 2 units have been fully remodeled including new flooring, new paint, kitchen and baths. 2 units delivered vacant. Close access to DTLA, Hollywood, Silver Lake/Echo Park, good for single family home in addition to rental income property or investment property for all units!

Listed by Jenny Um | BRE #01373522 | eXp Realty of California Inc
Co-listed by Suna Kim | BRE #02091191 | eXp Realty of California Inc
Last checked: 27 seconds ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 53

Home details

Lot Sq. Ft
5,824
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21754006
City
Los Angeles
County
Los Angeles
Time on Site
1050 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,170
  • Total Rent: $1,170
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18
  • Gross Scheduled Income: --
  • Net Operating Income: $54,180
  • Gross Operating Income: $72,240
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 185 S Virgil Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Dishwasher
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 5501013020
Location / Neighborhood
Location Information
  • Directions: Between 1st st. and 3rd st on S Virgil ave
View more facts & features

Local Los Angeles Agent

Sale History for 185 S Virgil Ave

Last sold for $1,250,000 on November 30th, 2021

  • May, 2023

  • May 1, 2023

    Date

    Expired

    CRMLS: 23245461

    $3,750

    Price

  • Feb 27, 2023

    Date

    Active

    CRMLS: 23245461

    $3,750

    Price

  • Listing provided courtesy of CRMLS

    Experience living in a charming and cozy 2 bed + den/3 bath home in the heart of Koreatown. This modern home is newly remodeled and painted. Located near public transportation and in close proximity to grocery stores and restaurants, this property is conveniently located in a prime location close to Koreatown and Downtown. This unit features open-concept living and includes an electric fireplace, refrigerator, washer. With large bedrooms, the space can be used as a live/work mixed used home. This home can come furnished or unfurnished, which can be discussed. Available now!

  • August, 2021

  • Aug 27, 2021

    Date

    Pending

    CRMLS: 21754006

    $1,299,000

    Price

  • Jul 31, 2021

    Date

    Price Change

    CRMLS: 21754006

    $1,299,000

    Price

  • Jul 5, 2021

    Date

    Active

    CRMLS: 21754006

    $1,350,000

    Price

  • Jul 2, 2021

    Date

    Coming Soon

    CRMLS: 21754006

    $1,350,000

    Price

  • September, 2019

  • Sep 11, 2019

    Date

    Sold

    CRMLS: SR19104225

    $830,000

    Price

  • Aug 23, 2019

    Date

    Pending

    CRMLS: SR19104225

    $949,000

    Price

  • Aug 3, 2019

    Date

    Active Under Contract

    CRMLS: SR19104225

    $949,000

    Price

  • May 6, 2019

    Date

    Active

    CRMLS: SR19104225

    $949,000

    Price

  • Listing provided courtesy of CRMLS

    Great upside potential in this 3 unit property in great Koreatown location! There are two building in this offering. The charming front house has two units :one 3 bedroom/ 2 bathroom unit and one 1 bedroom/ 1 bathroom unit. There are many possibilities with this property. You can move into front house and collect the rent from the back house. The 1 bed/ 1 bath unit in the main house can be used as a guest quarter or a next-gen suite or whatever your heart desires. You can also upgrade the all the units and rent out. Or you can take advantage of R3 zoning and develop. Conveniently located in Koreatown with great access to freeways, public transportation and all the nearby shopping, restaurants and deserts! The two front units will be delivered Vacant and working on getting all the units delivered vacant.

  • August, 2019

  • Aug 27, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2019

  • Aug 26, 2019

    Date

    Sold (Public Records)

    Public Records

    $850,000

    Price

  • May, 2019

  • May 1, 2019

    Date

    Expired

    CRMLS: SR19034731

    $950,000

    Price

  • Feb 14, 2019

    Date

    Active

    CRMLS: SR19034731

    $950,000

    Price

  • Listing provided courtesy of CRMLS

    Great upside potential in this 3 unit two building property in great Koreatown location! The charming front house has two units : one 3 bedroom/ 2 bathroom unit and one 1 bedroom/ 1 bathroom that occupies part of the upstairs. There are so many possibilities with this property. You can move into front house and collect the rent from the back house. The 1 bed/ 1 bath unit in the main house can be used as a guest quarter or a next-gen suite or whatever your heart desires. You can also rent all the units and collect monthly rent or develop it taking advantage of R3 zoning. Conveniently located in Koreatown with great access to freeways, public transportation and all the nearby shopping, restaurants and deserts! The two front units will be delivered Vacant!

  • February, 2019

  • Feb 1, 2019

    Date

    Canceled

    CRMLS: SR18161987

    $1,033,000

    Price

  • Aug 30, 2018

    Date

    Price Change

    CRMLS: SR18161987

    $1,033,000

    Price

  • Jul 6, 2018

    Date

    Active

    CRMLS: SR18161987

    $1,099,888

    Price

  • Listing provided courtesy of CRMLS

    Great upside potential in this 3 unit two building property in great Koreatown location! The charming front house has two units : one 3 bedroom/ 2 bathroom and one 1 bedroom/ 1 bathroom. There are so many possibilities with this property. You can move into front house and collect the rent from the back house. The 1 bed/ 1 bath unit in the main house can be used as a guest quarter or a next-gen suite or whatever your heart desires. You can also rent all the units and collect monthly rent or develop it taking advantage of R3 zoning. Conveniently located in Koreatown with great access to freeways, public transportations, and all the nearby shopping, restaurants and deserts! The front house will be delivered Vacant!

  • April, 2018

  • Apr 13, 2018

    Date

    Expired

    CRMLS: 17284256

    $1,150,000

    Price

  • Jan 17, 2018

    Date

    Active

    CRMLS: 17284256

    $1,150,000

    Price

  • Jan 16, 2018

    Date

    Expired

    CRMLS: 17284256

    $1,150,000

    Price

  • Nov 28, 2017

    Date

    Price Change

    CRMLS: 17284256

    $1,150,000

    Price

  • Oct 26, 2017

    Date

    Active

    CRMLS: 17284256

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Marcus & Millichap is pleased to present 185 S Virgil Avenue, in the heart of Koreatown. This triplex was built in 1920 and has all the character and charm of a building of this vintage. This location has terrific access to Koreatown, Downtown Los Angeles, Los Feliz, Silver Lake, as well as the 10 and 101 freeways. The property also benefits from being across the street from the highly regarded Commonwealth Avenue Elementary School, which services the community Kindergarten through fifth grade. The property is in a highly walk-able location with a 86 walk score and is close to many means of public transportation.This charming triplex is 2,552 square feet, sits on a 5,824-square foot lot and has an excellent unit mix of one one-bedroom/one-bathroom, one two-bedroom/one-bathroom and one three-bedroom/two-bathroom. the property will be delivered with two units vacant with the only occupied unit being the two-bedroom/one-bathroom in the back. The offering is zoned for a fourth uni

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Tax History for 185 S Virgil Ave

Assessed Value (2020): $830,000
Year Land Value Improved Value Assessed Value
2020 $700,000 $130,000 $830,000

Home Value Compared to the Market

This property vs the competition

185 S Virgil Ave sold on November 30, 2021 for 9.16% 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 $509.01 per/sqft which puts the price per square foot 32.58% lower than the current median sale per square foot for the city of Los Angeles.

About 185 S Virgil Ave

Detailed summary of property

185 S Virgil Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 10 bedrooms, 8 bathrooms, roughly 2,552 living square feet, and sits on an approximately 5,824 square foot lot. 185 S Virgil Ave was first listed on ArdentRealEstateGroup.com on July 2, 2021. The homeowner sold the property for $1,250,000. 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 9.16% higher than the current median priced home. Local homes that are currently for sale include 400 N Harvard Blvd, 508 N Kingsley Dr and 4572 Rosewood Ave. While the average home in Los Angeles, CA is selling in 94 days, 185 S Virgil Ave has a days on market of 53 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 185 S Virgil Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 185 S Virgil Ave

Public county record property details
Beds
5
Baths
2
Year built
1920
Sq. Ft.
2,552
Lot Size
5,824
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
107
APN
5501-013-020

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,500,000
Median List Price/Sq.Ft.
$795
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
61
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), 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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