Listing Agent: Michael Druker Broker/Office: Douglas Elliman
157 Virgil Avenue S Los Angeles CA 90004
$ 899,000
2
| 1
| 1335 Sq Feet
Listing ID
#26660889
Status
Active
Property Type
Single Family Residence
Property Style
Tudor
County
Los Angeles
Year Built
1909
Days on website
5
Description
R3-zoned development opportunity in Koreatown just south of Silver Lake. The approximately 5,798-square-foot lot offers excellent potential for a double duplex with ADUs, a 3-4 home small lot subdivision, or a multifamily apartment project utilizing one of the state's density bonus programs (Buyer to verify all zoning, development potential, and regulations). The property benefits from close proximity to Silver Lake, Koreatown, Hollywood, and Downtown Los Angeles, placing future residents within minutes of major employment centers, nightlife, dining, and entertainment. With convenient access to the Hollywood Freeway (US-101), this central location presents a compelling opportunity for developers seeking to build new housing in a high-demand rental and residential market.
Location
Financial Information
List Price:
$ 899000
Property Features
Flooring:
Wood
Furnished:
Unfurnished
Laundry Features:
Inside
Levels:
One
Senior Community YN:
false
Senior Community YN:
false
MLS Area Major:
C17 - Mid-Wilshire
City:
Los Angeles
Listed By:
Michael Druker
Douglas Elliman
Co-listed by Kimia Parvaresh
CA Lic#
Co-listed by Kimia Parvaresh
CA Lic#