516 N Virgil Ave Los Angeles, CA 90004

$930,000 Sold Price as of 10/12/2018

3 Beds
1 Baths
1,036 Sq.Ft.

Off Market

$930,000 Sold Price as of 10/12/2018 Refinance Your Mortgage

Map preview of 516 N Virgil Ave, Los Angeles, CA 90004

Property Overview: 516 N Virgil Ave Los Angeles, CA has 3 bedrooms, 1 bathrooms, 1,036 living square feet and 7,003 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

516 N Virgil Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $773. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $52,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 516 N Virgil Ave

Last sold for $930,000 on October 12th, 2018

November, 2023
Nov 29, 2023

Date

Canceled

CRMLS: BB23139249

$1,750,000

Price
Jul 27, 2023

Date

Active

CRMLS: BB23139249

$1,399,000

Price
Listing provided courtesy of CRMLS

Entitled Dev. RTI Permit Opportunity! Rarely found LA R3, TOC (TRANSIT ORIENTED COMMUNITY) TIER 3 LOCATED IN OPPORTUNITY ZONE with a view to HOLLYWOOD SIGN. TOC Planning Approved 20 Unit Building which consists of 16 apartment units and 4 recreation rooms/ADUs. One of the best opportunities to build 20 units with all Architectural Plans ready, 2 of the units to be used for low-income using TOC Tier 3 incentives of the city of Los Angeles. The property will be delivered RTI, and as a condition of the sale, the buyer shall pay the park fee. The project is entitled with the letter of determination from the planning department of the city of Los Angeles, and the demolition permit is issued. Plans are submitted to the department of building and safety and are in the plan check process going through the very last steps of the process for RTI permit. A sale at this stage is arguably superior to RTI because the buyer can make changes if desired. The property is situated in the prime Silver Lake/Echo Park location minutes away from dining and nightlife of Sunset Blvd with HOLLYWOOD SIGN VIEW. Desirable location in Los Angeles with easy access to Hollywood, Downtown LA, Sunset Junction, Echo Park, and the 101 Freeway. Investors, you do not need to wait a very long time to get your permit to build, because the letter of determination is already obtained and plans are submitted to the Department of Building and Safety to obtain RTI status. If you don't want to waste your valuable time, take advantage of this ready-to-shovel opportunity.

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June, 2023
Jun 9, 2023

Date

Expired

CRMLS: BB22255681

$1,699,000

Price
Dec 14, 2022

Date

Active

CRMLS: BB22255681

$1,985,000

Price
Listing provided courtesy of CRMLS

Entitled Dev. RTI Permit Opportunity! Rarely found LA R3, TOC (TRANSIT ORIENTED COMMUNITY) TIER 3 LOCATED IN OPPORTUNITY ZONE with a view to HOLLYWOOD SIGN. TOC Planning Approved 16 Unit Apartment Building (4 ADUs can be added) that can become a total of 20 units. One of the best opportunities to build 20 units with all Architectural Plans, 2 of the units to be used for low-income using TOC Tier 3 incentives of the city of Los Angeles. The property will be delivered RTI. The project is entitled with the letter of determination from the planning department of the city of Los Angeles. Plans are submitted to the department of building and safety and are in the plan check process going through the very last steps of the process for RTI permit. A sale at this stage is arguably superior to RTI because the buyer can make changes if desired. The property is situated in the prime Silver lake/Echo Park location minutes away from dining and nightlife of Sunset Blvd with HOLLYWOOD SIGN VIEW. Desirable location in Los Angeles with easy access to Hollywood, Downtown LA, Sunset Junction, Echo Park, and the 101 Freeway. Investors, you do not need to wait a very long time to get your permit to build, because the letter of determination is already obtained and plans are submitted to the department of building and safety to obtain RTI status. If you don't want to waste your valuable time, take advantage of this ready-to-shovel opportunity.

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October, 2021
Oct 22, 2021

Date

Withdrawn

CRMLS: BB21223690

$1,988,000

Price
Listing provided courtesy of CRMLS

One of the best opportunities to build 16 units with all Architectural Plans, 2 of the units to be used for low-income housing, and the potential of adding a minimum of one ADU. The project is entitled and is currently in plan check with the letter of determination from the planning department of the city of Los Angeles. Plans are submitted to the department of building and safety. A sale at this stage is arguably superior to RTI because the buyer can make changes if desired. Situated in a desirable location of Los Angeles with easy access to Hollywood, Downtown LA, Sunset Junction, Echo Park, and the 101 Freeway. Investors, you do not have to wait a very long time to get your permit to build, because the letter of determination is already obtained and plans are submitted to the department of building and safety to obtain RTI status. West views of Hollywood Hills on an upslope that makes it possible to see the Hollywood Sign. Rarely found LAR3, TOC (TRANSIT ORIENTED COMMUNITY) TIER 3 LOCATED IN OPPORTUNITY ZONE. If you don't want to waste your valuable time, take advantage of this ready opportunity.

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August, 2019
Aug 15, 2019

Date

Expired

CRMLS: BB19035377

$3,150

Price
Feb 20, 2019

Date

Withdrawn

CRMLS: BB19035377

$3,150

Price
Feb 18, 2019

Date

Price Change

CRMLS: BB19035377

$3,150

Price
Feb 15, 2019

Date

Active

CRMLS: BB19035377

$3,500

Price
Listing provided courtesy of CRMLS

Remodeled beautiful 3 bedroom house in desirable area of Los Angeles. Close to LACC (Los Angeles City College). New hardwood laminate, New paint, New Kitchen with brand new gas stove and hood, new cabinets and sink, New full bathroom with bath tub artistically designed. Easy access to 101 freeway, View of Hollywood Sign from far. Close to entertainment, restaurants and shopping. Easy access to Sunset Junction, Hollywood, Downtown and Echo Park. View of Hollywood Hills.

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October, 2018
Oct 12, 2018

Date

Sold (Public Records)

Public Records

$930,000

Price
August, 2018
Aug 12, 2018

Date

Canceled

CRMLS: 18352024

$975,000

Price
Jul 27, 2018

Date

Price Change

CRMLS: 18352024

$975,000

Price
Jul 11, 2018

Date

Active

CRMLS: 18352024

$1,025,000

Price
Jun 21, 2018

Date

Active Under Contract

CRMLS: 18352024

$1,025,000

Price
Jun 11, 2018

Date

Active

CRMLS: 18352024

$1,025,000

Price
Listing provided courtesy of CRMLS

BACK ON MARKET! **MAJOR FIXER** / **POTENTAL DEVELOPMENT OPPORTUNITY**, zoned LAR3. Perfect location on busy Virgil with easy access to Sunset Junction, Downtown, Echo Park, Hollywood and the 101 Freeway. Up slope lot with west-facing views of the Hollywood Hills. First time on the market in generations. Property is being sold through a trust, and Sellers/Trustees have never lived in the property. Buyers to conduct thorough investigations and research regarding zoning, condition, square footage, etc. and should not rely on any information other than their own investigations and research.

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July, 2018
Jul 6, 2018

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 516 N Virgil Ave

Assessed Value (2020): $948,600

Year	Land Value	Improved Value	Assessed Value
2020	$758,880	$189,720	$948,600

About 516 N Virgil Ave

Detailed summary of property

516 N Virgil Ave is a single family home in Los Angeles, CA 90004 and last sold on October 12, 2018 for $930,000. This house has 3 bedrooms, 1 bathrooms, roughly 1,036 living square feet, and sits on an approximately 7,003 square foot lot. Homes in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 11.43% lower than the current median priced home. 516 N Virgil Ave was last sold on October 12, 2018 for $930,000. Local nearby listings include 206 N Mariposa Ave, 182 N Mariposa Ave and 153 N Rampart Blvd. The average home in Los Angeles, CA is selling in 97 days. There are currently 3357 homes for sale in the Los Angeles real estate market and 2273 of them are single family homes while 993 of them are condos and 86 are townhomes. If you are the homeowner and looking to sell the home at 516 N 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 516 N Virgil Ave

Public county record property details

Beds: 3
Baths: 1
Year built: 1905
Sq. Ft.: 1,036
Lot Size: 7,003
Stories: --

Type: Single Family Residential
Pool: No
Spa: No
County: Los Angeles
Lot#: 20
APN: 5539-029-021

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

$1,388,000

Median List Price/Sq.Ft.

$806

Median Sold Price

$1,163,014

Median Sold Price/Sq.Ft.

$789

Total Inventory

Median Sale to List Price %

93.04%

Avg Days on Market

Loan Type

Conventional (27.27%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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(714) 706-1823

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