Seller's Agent in 2025
Jake Glaser
Lyon Stahl Investment Real Estate, Inc.
(310) 494-6368
1 in this area
42 Total Sales
1159 N Virgil Ave Los Angeles, CA 90029
East Hollywood Neighborhood
4
Beds
4
Baths
3,456
Sq Ft
6,702
Sq Ft Lot
Highlights
- Ceiling Fan
- John Marshall Senior High Rated A
- 4-minute walk to Madison Avenue Park
About This Home
As of January 20251159 N Virgil Ave, a well-positioned quadruplex located in the highly desirable Virgil Village neighborhood of Los Angeles, adjacent to Silver Lake & Los Feliz. Built in 1924, this property offers a mix of four large 1-bedroom/1-bath units, each averaging 864 square feet. Spanning 3,456 square feet in total, the property sits on a large 0.15-acre lot, providing significant potential for the construction of (4) four detached additional dwelling units (ADUs), subject to buyer verification.The property has undergone key upgrades, including a complete re-piping to copper plumbing in 2023, and a new roof installation in the same year. Additionally, each unit has its own washer/dryer hookups, and four new water heaters were installed in 2024, two of them being tankless. With two units currently vacant and fully remodeled, there is an immediate opportunity to owner-occupy or re-lease at market rents, further increasing the income potential. There is also currently room for four uncovered parking spaces in the back of the lot off of the alley.Located just blocks away from the popular Erewhon Market and the trendy coffee shops and restaurants of Silver Lake, 1159 N Virgil Ave offers residents an ideal blend of urban vibrancy and neighborhood charm. The property's proximity to East Hollywood, boutique shops, and a thriving dining scene makes it a prime choice for investors seeking a foothold in one of Los Angeles' most in-demand rental markets.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02128816 Listed on: 11/07/2024
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #02128816 Listed on: 11/07/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,415
Year Built
- Built in 1924
Lot Details
- 6,702 Sq Ft Lot
Interior Spaces
- 3,456 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Dryer
- Washer
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Utilities
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
Community Details
- 4 Units
- Rent Control
Listing and Financial Details
- Assessor Parcel Number 5542-026-027
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 7, 2024
Closed on
Feb 6, 2025
Sold by
Eshaghian Daniel and Eshaghian Tiffany
Bought by
1159 N Virgil Ave Llc
Seller's Agent
Jake Glaser
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Jake Glaser
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,300,000
Sold Price
$1,240,000
Premium/Discount to List
-$60,000
-4.62%
Views
2
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,667
Avg. Annual Appreciation
0.69%
Original Mortgage
$2,259,000
Outstanding Balance
$2,249,504
Interest Rate
6.93%
Mortgage Type
Construction
Estimated Equity
-$1,003,837
Purchase Details
Listed on
Nov 7, 2024
Closed on
Dec 30, 2024
Sold by
Daniel J Harris and House Dominique Enabe
Bought by
Eshaghian Daniel and Eshaghian Tiffany
Seller's Agent
Jake Glaser
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Jake Glaser
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,300,000
Sold Price
$1,240,000
Premium/Discount to List
-$60,000
-4.62%
Views
2
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,259,000
Outstanding Balance
$2,249,504
Interest Rate
6.93%
Mortgage Type
Construction
Estimated Equity
-$1,003,837
Purchase Details
Closed on
Dec 13, 2018
Sold by
Harris Daniel J
Bought by
Harris Daniel J and Harris Marina C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,400
Interest Rate
4.9%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,563,000 | Old Republic Title Company | |
| Grant Deed | $1,240,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Amrock Title California Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,259,000 | Construction | |
| Previous Owner | $1,054,000 | New Conventional | |
| Previous Owner | $287,400 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/14/2025 01/14/25 | Sold | $1,240,000 | -4.6% | $359 / Sq Ft |
| 11/11/2024 11/11/24 | Pending | -- | -- | -- |
| 11/07/2024 11/07/24 | For Sale | $1,300,000 | 0.0% | $376 / Sq Ft |
| 11/04/2024 11/04/24 | Pending | -- | -- | -- |
| 10/25/2024 10/25/24 | For Sale | $1,300,000 | -- | $376 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,415 | $73,252 | $47,083 | $26,169 |
| 2024 | $1,415 | $71,816 | $46,160 | $25,656 |
| 2023 | $1,398 | $70,408 | $45,255 | $25,153 |
| 2022 | $1,350 | $69,028 | $44,368 | $24,660 |
| 2021 | $1,315 | $67,676 | $43,499 | $24,177 |
| 2019 | $1,286 | $65,670 | $42,209 | $23,461 |
| 2018 | $1,199 | $64,383 | $41,382 | $23,001 |
| 2016 | $1,111 | $61,884 | $39,776 | $22,108 |
| 2015 | $1,100 | $60,955 | $39,179 | $21,776 |
| 2014 | $1,132 | $59,762 | $38,412 | $21,350 |
Source: Public Records
Agents Affiliated with this Home
-
Jake Glaser
Map
Source: The MLS
MLS Number: 24-456913
APN: 5542-026-027
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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