157 S Virgil Ave

Los Angeles CA 90004

1335 sq. ft.

5798 sq. ft.

Single-Family

Currently for sale - view listing

Overview

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.

Features

2 bedrooms

1 bathroom

1335 sq. ft. floor area

5798 sq. ft. lot size

Single-Family

Property history for 157 S Virgil Ave

2018

Sold

$700,000

17 Aug 2018 by Michael Richards, of Berkshire Hathaway HomeServices California

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