Ikon Advisors is pleased to present The Virgil Apartments, a 12-unit value-add multifamily property comprising 315 and 323 N Virgil Ave in the Rampart Village community of Los Angeles. Situated on a corner lot just north of Beverly Boulevard and south of Melrose Avenue, the property offers approximately 9,594 square feet of building area on a substantial 13,426 square foot lot.

The property consists of twelve 2-bedroom, 1-bathroom residences, each with outdoor parking. Two units have been recently renovated with updated stainless steel appliances, kitchen and bathroom cabinetry, fresh paint, and laminate wood flooring. All units are individually metered for gas and electricity, providing a practical setup for property operations.

Located in an evolving area of Los Angeles, The Virgil Apartments benefit from proximity to established and growing neighborhoods including Echo Park and Silver Lake. With its 12-unit configuration, sizable lot, existing renovations, and value-add profile, the property presents an opportunity for investors seeking a multifamily asset with potential for further improvement.