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

$1,115,000 Sold Price as of 12/21/2020
  • 4 Beds
  • 4 Baths
  • 3,288 Sq.Ft.
Sold
$1,115,000 Sold Price as of 12/21/2020 Refinance Your Mortgage
Map preview of 858 N Virgil Ave, Los Angeles, CA 90029

Property Overview: 858 N Virgil Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 3,288 living square feet and 5,665 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: To know is to love this Arts and Crafts quad. Original exterior architectural details charm and welcome through the green gated entry way. All four units enjoy cozy personal outdoor space (porch lowers, balconies uppers). Interiors are spacious front to back 1b1b's drenched in natural light, and offer the period aesthetic and practicality of built-ins. This location is so vibrant. Local proprietors like Vinovore and Sqirl add texture and interest amongst the polished offerings of Erewhon, Tartine, Intelligentsia, and Silver Lake Pool & Inn. Want to get to DTLA or Hollywood? Just go 4 blocks to the Redline Metro stop. In addition to 4 surface lot parking spaces, property has a large 4-car garage providing additional storage income or possible ADU conversion (buyer to verify). Future potential is plentiful thanks to LAC1 zoning along with TOC Tier 3 and Opportunity Zone designations. Come and feel the energy and excitement driving development and revitalization in Virgil Village.

Listed by Joel Nass | BRE #01954931 | Clint Lukens Realty
Last checked: 7 minutes ago | Last updated: June 24th, 2023 | Source CRMLS | DOM: 95

Home details

Lot Sq. Ft
5,665
HOA Dues
$0/mo
Year built
1916
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
20618900
City
Los Angeles
County
Los Angeles
Time on Site
1221 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $920
  • Total Rent: $920
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,239
  • Total Rent: $1,239
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 5
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $150
  • Total Rent: $600
  • Pro Forma/Market Rent: $600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.92
  • Gross Scheduled Income: --
  • Net Operating Income: $54,026
  • Gross Operating Income: $78,039
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 858 N Virgil Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Room Information
  • Living Room
Kitchen Information
  • Has Appliances
  • Range
Interior Features
  • Security Features: Gated Community, Smoke Detector(s), Window Bars
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Uncovered
Property Information
  • Total # of Units: 4
  • Parcel Number: 5539012029
  • Architectural Style: Craftsman
Location / Neighborhood
Location Information
  • Directions: Eastside if Virgil Ave - North of Melrose - South of Santa Monica.
View more facts & features

Local Los Angeles Agent

Sale History for 858 N Virgil Ave

Last sold for $1,115,000 on December 21st, 2020

  • June, 2023

  • Jun 23, 2023

    Date

    Canceled

    CRMLS: 23237465

    $1,499,000

    Price

  • Jan 31, 2023

    Date

    Active

    CRMLS: 23237465

    $1,499,000

    Price

  • Listing provided courtesy of CRMLS

    New Pricing! Now priced at a 5.06 cap and 15.41 GRM with current income, and a 7.67 cap with pro forma income, Dubbed "The Coolest Street in Los Angeles" by Time Out Magazine 2022, this architectural Virgil Village four-plex has everything you want in an income property. An excellent unit mix of all 2BR/1BA apartments, two units have been completely remodeled and fetch market/near market rents. The remaining units are poised to replicate this process for substantial upside. A four-car detached garage in the rear provides additional storage income as well as potential for adding one or two ADUs. Here are some of the other highlights: Bright and airy 2bd/1ba units all come with personal outdoor space. 4 garage units each receive $150/month/unit for a total of $600 in income per month. Easy access to the 101 freeway and four blocks to the Redline Metro. Four surface lot parking spaces in addition to the four-car garage. Multiple potential development opportunities as the property is zoned LAC1 along with TOC Tier 3 and Opportunity Zone designations. Located in the heart of Virgil Village and within a short distance from hot venues such as Vinovore and Sqirl, Erewhon, Tartine, Intelligentsia, and Courage Bagels. This building is a great play for the savvy investor -- with excellent current income, and the opportunity for even better upside.

  • February, 2023

  • Feb 2, 2023

    Date

    Canceled

    CRMLS: 22204051

    $1,595,000

    Price

  • Oct 11, 2022

    Date

    Active

    CRMLS: 22204051

    $1,650,000

    Price

  • Listing provided courtesy of CRMLS

    New Pricing! Dubbed "The Coolest Street in Los Angeles" by Time Out Magazine 2022, this architectural Virgil Village four-plex has everything you want in an income property. An excellent unit mix of all 2BR/1BA apartments, two units have been completely remodeled and fetch market/near market rents. The remaining units are poised to replicate this process for substantial upside. A four-car detached garage in the rear provides additional storage income as well as potential for adding one or two ADUs. Here are some of the other highlights: *Bright and airy 2bd/1ba units all come with personal outdoor space. *4 garage units each receive $150/month/unit for a total of $600 in income per month. *Easy access to the 101 freeway and four blocks to the Redline Metro. *Four surface lot parking spaces in addition to the four-car garage. *Multiple potential development opportunities as the property is zoned LAC1 along with TOC Tier 3 and Opportunity Zone designations. *Located in the heart of Virgil Village and within a short distance from hot venues such as Vinovore and Sqirl, Erewhon, Tartine, Intelligentsia, and Courage Bagels. Priced at a 4.7 cap and 16.51 GRM with current income, and an unheard of 7 cap with pro forma income, this building is a great play for the savvy investor -- with excellent current income, and the opportunity to for even better upside.

  • December, 2020

  • Dec 24, 2020

    Date

    Sold

    CRMLS: 20618900

    $1,115,000

    Price

  • Dec 11, 2020

    Date

    Pending

    CRMLS: 20618900

    $1,200,000

    Price

  • Nov 21, 2020

    Date

    Active Under Contract

    CRMLS: 20618900

    $1,200,000

    Price

  • Oct 9, 2020

    Date

    Price Change

    CRMLS: 20618900

    $1,200,000

    Price

  • Aug 17, 2020

    Date

    Active

    CRMLS: 20618900

    $1,400,000

    Price

  • December, 2020

  • Dec 21, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,115,000

    Price

  • December, 2020

  • Dec 21, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 858 N Virgil Ave

Assessed Value (2020): $117,999
Year Land Value Improved Value Assessed Value
2020 $72,464 $45,535 $117,999

Home Value Compared to the Market

This property vs the competition

858 N Virgil Ave sold on December 21, 2020 for 0.84% 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 $364.96 per/sqft which puts the price per square foot 51.66% lower than the current median sale per square foot for the city of Los Angeles.

About 858 N Virgil Ave

Detailed summary of property

858 N Virgil Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 3,288 living square feet, and sits on an approximately 5,665 square foot lot. 858 N Virgil Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,115,000. 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 0.84% higher than the current median priced home. Local homes that are currently for sale include 234 S Vendome St, 406 N Rampart Blvd and 4572 Rosewood Ave. While the average home in Los Angeles, CA is selling in 94 days, 858 N Virgil Ave has a days on market of 95 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 858 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 858 N Virgil Ave

Public county record property details
Beds
4
Baths
4
Year built
1916
Sq. Ft.
3,288
Lot Size
5,665
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
224,226
APN
5539-012-029

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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