CA > Los Angeles
Los Angeles, CA 90004,449 - 443 N Virgil AVE
Los Angeles, CA 90004,449 - 443 N Virgil AVE
Los Angeles, CA 90004,449 - 443 N Virgil AVE
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$2,600,000
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6 Beds
4 Baths
2,866 SqFt
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449 - 443 N Virgil AVE Los Angeles, CA 90004

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Hunter Scholl

Hunter Scholl

+1(702) 575-1320

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,866 sqft

Price per Sqft $907

MLS Listing ID 25527823

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1906

Lot Size 0.345 Acres

Property Sub-Type Single Family Residence

Property Description

We are pleased to present a15,016 SF double-lot residential redevelopment opportunity located at 443-449 N Virgil Avenue, Los Angeles, California. The subject property is located in a great East Hollywood location, north of Beverly Boulevard and east of N Vermont Avenue. Originally built as two (2) separate SFRs on two (2) concurrent parcels, this redevelopment opportunity is zoned R3-1 with numerous project options. Totaling 15,016 SF, a developer could choose to simply add square footage and an ADU on each lot. The zoning allows for nine (9) units by-right on each lot which opens the door to a nice townhouse style redevelopment. Utilizing MIIP under CHIP, the recently upzoned land can take advantage of T-2 TOIC to add 110% density for up to twenty-one (21) units per lot. A completed project will enjoy the benefits of living in one of the best submarkets for absorption across the LA metro on a major commercial corridor with tons of activity nearby in Virgil Village, Silver Lake, Echo Park,Hollywood, and Koreatown. Residents will appreciate living next to trendy amenities across Virgil Avenue, Beverly Boulevard, and throughout the Eastside. Young professionals will appreciate the close proximity to the freeway, Downtown LA, and Hollywood. Situated in a prime East Hollywood location, this offering presents a rare opportunity to develop up to forty-two (42) units under CHIP on two (2) concurrent parcels in a rapidly developing submarket with strong absorption and rent growth.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LAR3

Interior

Heating Wall Furnace

Flooring Wood

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Laundry None

Exterior

Parking Features Driveway, One Space, Uncovered

Pool None

View Y/N Yes

View City Lights

Total Parking Spaces 4

Private Pool No

Building

Story 1

Entry Level One

Architectural Style Craftsman

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5539034007

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by John Boyett • CBRE

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agent

Hunter Scholl

The Right Hand | RE.S. 197305

+1(702) 575-1320

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449 - 443 N Virgil AVE