Est. cap rate

4.7%

Assumed rent, all units

$7,740/mo

Units

2

Price per unit

$490,000

Est. annual NOI

$46,440

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

6

Bathrooms

4

Building size

1,278 sqft

Lot size

7,168 sqft

Year built

1913

Stories

1

Garage spaces

0

Heating

None

Cooling

None

Pool

None

View

None

Status

Active

Days on market

23

MLS #

239337377

About this property

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!

Location

316 N VIRGIL AVENUE

Los Angeles, Los Angeles, CA, 90004