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We are pleased to present a forty (40) bedroom single room occupancy (SRO) community located at 560-564 N Virgil Avenue in Los Angeles, California. The subject property is located in a prime Virgil Village location, south of Melrose Avenue and east of Vermont Avenue. Built in 1912 and 1921, this forty (40) bedroom community is located in the heart of Virgil Village, one of Los Angeles' most dynamic and in-demand neighborhoods. Positioned on a large 10,501SF double lot, this property generates a strong 8.46% cap rate through a lease with PATH and offers investors very high cash flow from day one with an opportunity to build out ADUs in the back of the property. The building features modern communal amenities including a stainless steel-equipped kitchen, shared bathrooms, dining and living rooms, as well as common area laundry. The property consists of forty (40) bedrooms as an SRO play split across two (2) APNs. 564 N Virgil Ave to the north consists of twenty-five (25) bedrooms, one (1) kitchen, and seven (7) bathrooms. 560 N Virgil Avenue to the south consists of fifteen (15) bedrooms, three (3) kitchens, six (6) bathrooms. A majority of the leases provide rental subsidies through PATH. Nestled in a prime Virgil Village Location, this offering presents an excellent opportunity for any investor to capitalize on a very high 8.46% cap rate leased through PATH with some value add remaining.
Property Type(s):
Residential Income
| Last Updated | 5/21/2025 | Year Built | 1921 |
|---|---|---|---|
| Community | Silver Lake - Echo Park | County | Los Angeles |
Additional Details
| AREA | Silver Lake - Echo Park |
|---|---|
| GARAGE | None |
| LOT | 10501 sq ft |
| PARKING | None |
| STORIES | 2 |
| ZONING | LAR3 |
Location
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Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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