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Back 182 S Virgil Ave
Off Market

182 S Virgil Ave

Los Angeles CA 90004

6952 sq. ft.
Land
Last sold for $700,000
Nicole ContrerasNicole Contreras, last sold this property on 01 September 2026 after 203 days on market.

Overview

182 & 186 S Virgil Ave present a rare LAR3 / TOC Tier 3 development opportunity in a prime infill Los Angeles location. The offering consists of two contiguous parcels preferably sold together ($2.2m), creating an efficient 12,638 SF site per ZIMAS. Located in the heart of Koreatown, the property sits within one of Los Angeles' most supply-constrained, high-density rental submarkets, known for strong multifamily fundamentals and durable tenant demand. The area continues to see active infill redevelopment driven by proximity to major employment centers, neighborhood-serving retail, and transit. The site benefits from TOC Tier 3 designation, allowing for density increases and reduced parking requirements, enhancing feasibility and project efficiency. Surrounding uses include mid-rise and high-density apartment buildings, reinforcing the site's suitability for multifamily development and supporting long-term rental demand. This offering is well suited for by-right multifamily development, TOC density bonus execution, or other qualifying housing strategies, subject to buyer verification. Vacant land with no in-place income, offering a clean development path in an established urban location. Buyer to independently verify all zoning, unit counts, TOC incentives, parking requirements, utilities, and development assumptions.

Features

6952 sq. ft. lot size
Land

Estimated Value

Based on this property and similar land plots sold in Los Angeles over the last 12 months, the estimated median property value of 182 S Virgil Ave is $1.13m.

Median value
$1.13m
Estimated value range
$700k - $4.7m
Median days on market
164
Estimated value trend
-35%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 182 S Virgil Ave

2026
Sold
$700,000
01 Sep 2026 by Nicole Contreras, of AKGRE Inc
2015
Sold
$1,100,000
25 Nov 2015 by Jennifer Kim, of Premier Properties

Happy sellers in Los Angeles

~%

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.

Local market activity for land plots in Los Angeles

In the last 12 months, 4 land plots similar to 182 S Virgil Ave, have been sold.

This represents a 25% decrease in land plots sales when compared to the previous 12 months.

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