426 N Virgil Avenue, Los Angeles, California 90004, Los Angeles, 90004 - bed, bath
426 N Virgil Avenue
Los Angeles, California 90004
Property Price
SUMMARY
Analysis of 426 N Virgil Avenue, Los Angeles, California 90004 is currently available with a list price of $1,499,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1924, this multi-unit property is described as well-maintained and currently income-producing, but it retains vintage infrastructure and dated systems. While functional for tenants, the property lacks recent comprehensive renovations to kitchens and bathrooms, and the marketing emphasis on LAR3 redevelopment potential and significant price reductions indicates that the structures are nearing the end of their modern functional utility.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The LAR3 zoning on a generous 7,013 sq ft lot provides a significant value-add opportunity, allowing for redevelopment of up to 9 units in a high-density residential zone.
- Strategic Location
Ideally situated near Silver Lake, Echo Park, and Hollywood, the property benefits from high tenant demand and proximity to major employment hubs and lifestyle amenities.
- Operational Efficiency
The units are individually metered for utilities and feature a diverse unit mix, including a large 3-bedroom unit, which optimizes cash flow and simplifies property management.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Dating back to 1924, the property likely faces challenges associated with aging building systems, potentially requiring substantial capital expenditure for modern upgrades.
- Market Pricing History
A series of significant price reductions from the original list price of $1.799M to $1.499M may indicate previous overvaluation or underlying buyer hesitation in the current market.
About 426 N Virgil Avenue
Attention investors & developers! Discover 426 N Virgil Ave, a 5-unit multifamily investment gem located just minutes from Silver Lake, Echo Park, Sunset, Hollywood, and Downtown. Generating strong, consistent cash flow with long-term income stability, this property still holds untapped potential for significant rental upside. Its desirable LAR3 zoning also unlocks redevelopment possibilities for up to 9 units. Spanning 3,427 sq ft on a generous 7,013 sq ft lot, it features a dynamic unit mix (1 x 3BD/2BA, 1 x 2BD/1.5BA, 3 x 1BD/1BA) across four well-maintained buildings, all individually metered for easy management and optimal utility efficiency. Includes 6-car driveway parking, plus a garage for parking or storage. Seize this rare opportunity to own a high-yielding, income-producing asset in a thriving rental market!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1924
- Lot Size
- 7,015 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,427 | 3,404.5 | 50% |
| Lot Size | 7,015 | 7,504.5 | 25% |
| Price | $1.50M | $1.29M | 75% |
| Price per sq ft | $437 | $377 | 50% |
| Built year | 1924 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 150 | 180 | 50% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,499,000
$1,599,000
-6% Price Drop
Initial Listing
Price Change
Jan 21, 2026
$1,599,000
$1,699,000
-6% Price Drop
Initial Listing
Price Change
Nov 12, 2025
$1,699,000
$1,799,000
-6% Price Drop
Initial Listing
Price Change
Oct 7, 2025
$1,799,000
Initial Listing
Sold
Aug 21, 2000
$154,000
Public Record