NOT LISTED FOR SALE

1221 N Virgil Ave Los Angeles, CA 90029

East Hollywood Neighborhood

Estimated Value: $1,179,000 - $1,981,000

2 Beds
2 Baths
1,440 Sq Ft
$1,132/Sq Ft Est. Value

Last Sold January 19, 2018

Last sale price $850,000 $590 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $10,983/month

2 Days on Market

Highlights

  • Detached Carport Space
  • Ceiling Fan
  • 1-Story Property
  • John Marshall Senior High Rated A
  • Auto Driveway Gate
  • 4-minute walk to Madison Avenue Park

About This Home

As of January 2018

Great income property opportunity in a prime location in Silver Lake. Virgil Village has become one of the hippest neighborhoods in town, while residences continue to flow in from surrounding neighborhoods including Hollywood and Los Feliz. This duplex is zones R-2 and is presently tenant occupied. Light fixer...with tons of possibilities. Unit #1 is a section 8 and are month-to-month. Unit #2 the lease expires in March 2018. Buyer to verify building square footage and lot size. Property to be sold "as is"', seller will not pay for any repairs or warranties.

Last Agent to Sell the Property

Teri Walker

Rodeo Realty License #01892903 Listed on: 08/30/2017

Rodeo Realty

Co-Listed By

Craig Turner

License #02010430

Last Buyer's Agent

Brenden Bowman

License #01986504

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,062

Year Built

  • Built in 1922

Lot Details

  • 6,699

Home Design

  • Duplex

Interior Spaces

  • 1,440 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Disposal
  • Gas And Electric Dryer Hookup

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 1 Parking Space
  • Detached Carport Space
  • Auto Driveway Gate
  • Driveway

Additional Features

  • 6,699 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5542-021-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,062

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1440
  • Stories: 1
  • Year Built: 1922
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Garbage Disposal, Gas Or Electric Dryer Hookup, Hood Fan
  • Price Per S Q F T: 590.28

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport, Carport Detached, Covered Parking, Driveway - Concrete, Driveway Gate
  • Total Parking: 1

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 9705
  • Assessed Land Value: 30829
  • Assessor Parcel Number: 5542-021-029
  • Geocode Override: No
  • Lot Size Area: 6699

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 41.50
  • Number Of Units: 2
  • Total Annual Expense: 1369.04
  • Type Of Units: duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 18, 2023
Sold by
1221 Virgil Llc
Bought by
1221-1227 N Virgil Llc
Current Estimated Value
$1,629,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 30, 2017
Closed on
Dec 1, 2017
Sold by
Gaines Stacey
Bought by
Npsc Virgil Llc
Seller's Agent
Teri Walker
Rodeo Realty
Buyer's Agent
Brenden Bowman
List Price
$850,000
Sold Price
$850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%

Purchase Details

Closed on
Jul 26, 2016
Sold by
The Chancery Court Of Madison County
Bought by
Ross Dorothy Hardy

Purchase Details

Closed on
Aug 14, 2006
Sold by
Drew Milan R
Bought by
Drew Milan R and Drew Pearl B

Purchase Details

Closed on
Mar 8, 2001
Sold by
Drew Milan R
Bought by
Drew Pearl S
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1221-1227 N Virgil Llc $4,300,000 Fidelity - Sherman Oaks
Npsc Virgil Llc $850,000 Lawyers Title Company
Gaines Stacey -- Lawyers Title Company
Ross Dorothy Hardy -- None Available
Drew Milan R -- None Available
Drew Milan R -- None Available
Drew Pearl S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1221-1227 N Virgil Llc $11,125,000
Closed 1221-1227 N Virgil Llc $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2018 01/19/18 Sold $850,000 0.0% $590 / Sq Ft
09/01/2017 09/01/17 Pending -- -- --
08/30/2017 08/30/17 For Sale $850,000 -- $590 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $26,062 $2,193,000 $2,193,000 --
2024 $26,062 $2,150,000 $2,150,000 --
2023 $19,842 $1,632,000 $1,632,000 $0
2022 $11,002 $911,368 $682,990 $228,378
2021 $10,870 $893,499 $669,599 $223,900
2020 $10,979 $884,339 $662,734 $221,605
2019 $10,547 $867,000 $649,740 $217,260
2018 $7,328 $593,028 $416,160 $176,868
2017 $7,168 $581,400 $408,000 $173,400
2016 $693 $40,534 $30,829 $9,705
2015 $686 $39,926 $30,366 $9,560
2014 $703 $39,145 $29,772 $9,373
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Teri Walker

    Rodeo Realty

    (323) 309-2862

    6 Total Sales

    Teri Walker
    Section Image

  • C

    Seller Co-Listing Agent in 2018

    Craig Turner

  • B

    Buyer's Agent in 2018

    Brenden Bowman

See All Agents

Map

Source: The MLS

MLS Number: 17-264116

The MLS

APN: 5542-021-029

California Los Angeles County Los Angeles 90029 East Hollywood

1221 N Virgil Ave, Los Angeles, CA

This home is located at 1221 N Virgil Ave, Los Angeles, CA 90029 since 30 August 2017 and is currently estimated at $1,629,766, approximately $1,131 per square foot. This property was built in 1922. 1221 N Virgil Ave is a home located in Los Angeles County with nearby schools including Lockwood Avenue Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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