$2,600,000

Estimated payment $15,227/month

Total Views 4,915
6 Beds
4 Baths
2,866 Sq Ft
$907 Price per Sq Ft

Highlights

  • City View
  • 0.33 Acre Lot
  • Wood Flooring
  • John Marshall Senior High Rated A
  • Craftsman Architecture
  • 2-minute walk to Madison West Park

About This Home

We are pleased to present a15,016 SF double-lot residential redevelopment opportunity located at 443-449 N Virgil Avenue, Los Angeles, California. The subject property is located in a great East Hollywood location, north of Beverly Boulevard and east of N Vermont Avenue. Originally built as two (2) separate SFRs on two (2) concurrent parcels, this redevelopment opportunity is zoned R3-1 with numerous project options. Totaling 15,016 SF, a developer could choose to simply add square footage and an ADU on each lot. The zoning allows for nine (9) units by-right on each lot which opens the door to a nice townhouse style redevelopment. Utilizing MIIP under CHIP, the recently upzoned land can take advantage of T-2 TOIC to add 110% density for up to twenty-one (21) units per lot. A completed project will enjoy the benefits of living in one of the best submarkets for absorption across the LA metro on a major commercial corridor with tons of activity nearby in Virgil Village, Silver Lake, Echo Park,Hollywood, and Koreatown. Residents will appreciate living next to trendy amenities across Virgil Avenue, Beverly Boulevard, and throughout the Eastside. Young professionals will appreciate the close proximity to the freeway, Downtown LA, and Hollywood. Situated in a prime East Hollywood location, this offering presents a rare opportunity to develop up to forty-two (42) units under CHIP on two (2) concurrent parcels in a rapidly developing submarket with strong absorption and rent growth.

Listing Agent

John Boyett

CBRE License #02056759 Listed on: 04/21/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,416

Year Built

  • Built in 1906

Lot Details

  • 0.33 Acre Lot
  • Value in Land
  • Tear Down
  • Property is zoned LAR3

Home Design

  • Craftsman Architecture

Interior Spaces

  • 2,866 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Wood Flooring
  • City Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway
  • Uncovered Parking

Location

  • City Lot

Utilities

  • Heating System Mounted To A Wall or Window
  • Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5539-034-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,416

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Craftsman
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 2866
  • Lot Acreage: 0.3300
  • Probate: No
  • Property Condition: Tear Down, Value Mainly In Land
  • Stories: 1
  • Year Built: 1906
  • Number Of Photos: 32
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Wood
  • Bedrooms: 6
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 907.19

Exterior Features

  • Other Structures: Other
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway, Uncovered, Parking Space
  • Total Parking: 4

Utilities

  • Water Heater: Water Heater Unit
  • Cooling: Air Conditioning
  • Heating: Wall

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5539-034-007
  • Lot Description: 2-4 Lots
  • Lot Location: City
  • Lot Size Area: 15016

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $10,416 $858,945 $687,157 $171,788
2024 $10,416 $842,104 $673,684 $168,420
2023 $10,216 $825,593 $660,475 $165,118
2022 $9,745 $809,406 $647,525 $161,881
2021 $9,711 $793,536 $634,829 $158,707
2019 $9,424 $770,000 $616,000 $154,000
2018 $1,678 $117,056 $89,756 $27,300
2016 $1,601 $112,513 $86,272 $26,241
2015 $1,581 $110,824 $84,977 $25,847
2014 $1,596 $108,654 $83,313 $25,341
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2025 04/21/25 For Sale $2,600,000 +237.7% $907 / Sq Ft
08/06/2018 08/06/18 Sold $770,000 -3.6% $786 / Sq Ft
06/27/2018 06/27/18 Pending -- -- --
05/04/2018 05/04/18 For Sale $799,000 0.0% $815 / Sq Ft
03/13/2018 03/13/18 Pending -- -- --
03/06/2018 03/06/18 For Sale $799,000 -- $815 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Quit Claim Deed -- Fidelity National Title Comp
Grant Deed $770,000 Fidelity National Title Comp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $243,000 Credit Line Revolving
Previous Owner $644,000 New Conventional
Previous Owner $562,500 Commercial
Previous Owner $186,000 Unknown
Previous Owner $120,000 Unknown
Source: Public Records

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Source: The MLS

MLS Number: 25527823

The MLS

APN: 5539-034-008