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157 Virgil Avenue S Los Angeles CA 90004
Price $ 899,000
Listing ID 26660889
Status Active
Property Type Single Family Residence
County Los Angeles
Beds 2
Baths 1
House Size 1335
Year Built 1909
Days on website 12
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#
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