560 Virgil Avenue , Los Angeles, CA - 90004 is For Sale

  • 19495468
  • 19495468
  • 19495468
  • 19495468
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  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
  • 19495468
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  • 19495468
$940,000· Income property

Description

Triplex with two buildings. Front house has two units (Unit #1- 560 and Unit #2 562) and Unit #3 (560 1/2) is in the back. Each bedroom is rented out to one tenant and each unit has two tenants. Next door 564 N. Virgil Ave, a rooming house with 23 rooms 4 baths, is also for sale. Zoned R3, TOC (Transit Oriented Communities Affordable Housing Incentive Program) TIER 3, development opportunity is a prime development opportunity for investors looking to capture strong rents in a highly increasing demand area. The TOC also provides for reduced parking and setback requirements.

Features

MLS#: 19495468
List Price : $940,000
Total Units : 3
CAP rate : $3.20
Gross Operating Income : $43,392
Net Operating Income : $30,064
Sq M : 488 M2
Year Built : 1921
Days on market : 121 Days
Gross taxes : N/A
Address : 560 Virgil Avenue
City : Los Angeles
State : CA
Zip Code : 90004
Neighborhood : N/A
Appliances : Refrigerator
Stories : 1
Laundry : Washer Included, Dryer Included
Parking Features : Driveway
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $940,000
Acres : 0.1205
Lot Size (Acres) : 0.1205
Parking Features : Driveway
Cooling : None
Driving Directions : South of Melrose, East of Vermont
 
Courtesy of : Tomoko Okumura , Re/Max Tri-City

Location

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