SOLD

315-323 N Virgil Ave

LOS ANGELES, 90004
12-Unit Multifamily Income Property Near Echo Park

12
UNITS
2 BD / 1 BA
UNIT MIX
$3,173,000
PRICE
13,416 SF LAMR1
LOT
9,594 SF
PROPERTY

FINANCIALS

SALES PRICE

PRICE PER SF

CAP RATE
CAP RATE PRO FORMA

GRM
GRM PROFORMA

GROSS INCOME
GROSS INCOME PRO FORMA

$3,173,000

$330.73

3.88%
8.60%

15.99
8.83

$198,492
$359,280

For a full financial breakdown, please browse the Offering Memorandum Package PDF by clicking below.

We are proud to present this multifamily sale; a 12-Unit value-add property situated on a corner lot just north of Beverly Boulevard, in the up-and-coming Rampart Village community. The 9,594 SF building sits on a 13,426 SF lot and features (12) 2 Bed/1 Bath units w/ outdoor parking per unit. 2 units have been recently renovated with updated stainless steel appliances, kitchen & bathroom cabinetry, paint and laminate wood flooring. All units are individually metered for gas and electric.

In addition to the impressive return, our investor will enjoy gentrification occurring at a quick pace in Rampart Village which neighbors other growing communities such as Echo Park and Silver Lake.

 

INTERIOR

YEAR BUILT

FLOORING

APPLIANCES



OTHER INTERIOR
FEATURES

1963

Laminate Wood Floors 

Stainless Steel Appliances



2 Units Newly-Renovated: New Blinds, New Paint, New Kitchen & Bathroom Cabinets

EXTERIOR

STORIES

YARD

HEATING

PARKING


 

2

None

Wall

12 Car Private Lot

 

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Contact Yohann about 
The Virgil Apartments!

310.923.1550 | yohann@ikonadvisors.com

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Yohann Bensimon | CALDRE #01966630

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