443 - 449 N Virgil Avenue, Los Angeles, CA 90004 - Berkshire Hathaway HomeServices California Properties

443 - 449 N Virgil Avenue, Los Angeles, CA 90004

$2,600,000 Approx. USD 0 beds, 0 baths

Listing Agent


John Boyett | John.Boyett@cbre.com
Lic#: 02056759
Broker: Courtesy of CBRE

Agent Remarks

We are pleased to present a15,016 SF double-lot residential redevelopment opportunity located at 443-449 N Virgil Avenue, LosAngeles, 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 up zoned 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 Details

Property type: (Lots/Land)
Status: Active
MLS# 25527799
Price: $2,600,000
Beds: 0
Baths: 0
0.34 acres
Lot size: 0.3447
County: Los Angeles
Zoning: LAR3
Lot description: Irregular Lot,Value In Land
MLS area: C21 - Silver Lake - Echo Park

Last Updated: 6/26/2025

 Days On Market (DOM): 92

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This listing belongs to the C21 - Silver Lake - Echo Park MLS area

Lat/Long: 34.078995, -118.287201.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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