316 N Virgil Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 6 bed, 4 bath
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Los Angeles, California 90004
This Residential Income Duplex represents a strategic Value-Add Asset listed at $879,999, situated in the high-demand Silver Lake - Echo Park market. Although the list price exceeds the $777,568 Fair Market Value, the property’s primary value lies in its expansive 7,168 sqft lot and significant redevelopment potential. Currently holding a Condition Rating of 5, the structure requires a comprehensive renovation to modernize the dense 6-bedroom, 4-bathroom configuration. Located within the Los Angeles Unified district, this project is a prime acquisition for Value-Add Investors or Developers seeking to maximize ROI through modernization or expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 316 N Virgil Avenue Subject | $979,999* List Price | 6 | 4 | 1,278 | $608 | - |
A 422 Normandie Place Active | $825,000 List Price | 5 | 3 | 1,538 | $536 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1913, this property is marketed as a 'blank canvas' for investors and developers, indicating significant deferred maintenance and outdated systems. The extremely high density of 6 bedrooms and 4 bathrooms within only 1,278 square feet suggests an obsolete layout and aging infrastructure that requires substantial rehabilitation to meet modern standards.
Situated in one of Los Angeles’ most sought-after neighborhoods, the property offers exceptional walkability to trendy coffee shops, boutiques, and dining, ensuring high tenant demand.
The generous 7,168 square foot lot provides a rare opportunity for investors or developers to add value through expansion, ADU construction, or complete redevelopment.
As a duplex with a flexible layout and original character, the property serves as a blank canvas for modernization to significantly increase rental yields and market value.
Built in 1913 and marketed as a 'blank canvas,' the property likely requires substantial capital expenditure to update aging systems and interior finishes to modern standards.
With 6 bedrooms and 4 bathrooms squeezed into just 1,278 square feet, the individual living quarters may feel cramped, which could limit the appeal for long-term premium tenants.
Located just steps from the heart of Silver Lake, this duplex presents a rare opportunity for investors, developers, or savvy buyers looking to add value in one of Los Angeles’ most desirable neighborhoods. Situated on a generous lot, the property offers strong income potential as-is, with excellent upside for future renovation, expansion, or redevelopment. Each unit features its own private entrance and functional layout, providing flexible living arrangements and the opportunity to modernize for increased rental income. With a mix of original character and minor updates throughout, this property is a true blank canvas ready for a new vision. Located in a high-demand rental area near Silver Lake, tenants are drawn to the neighborhood’s walkability, vibrant culture, and creative energy. Enjoy proximity to trendy coffee shops, local boutiques, art galleries, and some of Los Angeles’ most popular dining destinations. Don't miss this opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 67% |
| Baths | 4.0 | 3.0 | 67% |
| Square foot | 1,278 | 3,382 | 33% |
| Lot Size | 7,168 | 7,505 | 33% |
| Price | $980.0K | $1.00M | 33% |
| Price per sq ft | $767 | $318 | 67% |
| Built year | 1913 | 1921 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 44 | 67% |
Apr 3, 2026
$979,999
$879,999
+11% Price Increase
Initial Listing
Apr 1, 2026
$879,999
$999,999
-12% Price Drop
Initial Listing
Mar 9, 2026
$999,999
Initial Listing