PROPERTY DESCRIPTIONFOUR (4) UNIT APARTMENT BUILDING: 3 OUT OF 4 UNITS DELIVERED VACANT!**ALL OFFERS ARE TO BE SUBMITTED BY FRIDAY, APRIL 19TH AT 3 PMEXCELLENT OWNER-USER SPACE/REHAB OR DEVELOPMENT OPPORTUNITY636 NORTH VIRGIL AVENUE IS IN AN OPPORTUNITY ZONE!BUILDING SIZE: Approximately 3,000 square feetLOT SIZE: Approximately 7,001 square feetNUMBER OF UNITS: 4APN #: 5539-026-020ASKING PRICE: $1,299,000YEAR BUILT: 1916ZONING: LAC2TYPE OF SALE: Probate• Rehab or Development opportunity • Multi family 4 unit including a back apartment• Front of the property is two levels• 3 out of the 4 units will be delivered vacant• Potential buyers to verify with city for zoning & size of property• Probate sale, property is being sold in as is conditionThe subject property is a four-unit property located minutes from the trendy and high-growth areas of Silverlake, Echo Park, and Los Feliz. It is located in Virgil Village an area that is experiencing a major increase in luxury residential and commercial property developments. While this property can serve well as an owner/user investment, due to its approximately 7,001 square foot lot, it may also be an enticing opportunity for investors and developers alike to turn this parcel into a multi-story residential property or mixed-use development. The front house consists of a three-bedroom/one-bath residence. In addition, there is a detached triplex which includes a two-bedroom/one-bath unit, a one-bedroom/one-bath unit and a single/one-bath unit.Virgil Village tenants include: Sqirl, Melody, Virgil Normal, The Virgil, The Smog Cutter and Twig and Twine. Virgil Village is situated between the popular walking streets of Los Feliz (Hollywood Blvd., Hillhurst, Vermont, Sunset), The Children’s Hospital, Koreatown, Lafayette Park, Echo Park and Silverlake. The rapidly changing, artsy, central community of Virgil Village has become one of the hottest areas for new, hip retail.
