2821 Virginia Road

Closed 9/26/22Virtual Tour

Sold

Last Sold Price

$2,650,000

13 beds13 baths5,304 sqft

2821 Virginia Rd, Los Angeles, CA 90016

Multi FamilyProperty Type

0.12 acresLot Size

2022Year Built

$500/sq ftPrice per sq ft

6 carsParking Spaces

Description

2821 Virginia Rd is a brand new construction OPPORTUNITY ZONE triplex in prime West Adams minutes from Downtown Culver City and the Culver City Arts District! This is a rare opportunity to secure MAJOR tax benefits while owning a stunning 2022 triplex (MASSIVE freestanding SFR + duplex) with floorplans and finishes that are out of this world! Additionally, for only $60,000 extra ($2,750,00), the seller is willing to convert the downstairs floor and garage of the front unit into a 1 bed, 1 bath ADU,...2821 Virginia Rd is a brand new construction OPPORTUNITY ZONE triplex in prime West Adams minutes from Downtown Culver City and the Culver City Arts District! This is a rare opportunity to secure MAJOR tax benefits while owning a stunning 2022 triplex (MASSIVE freestanding SFR + duplex) with floorplans and finishes that are out of this world! Additionally, for only $60,000 extra ($2,750,00), the seller is willing to convert the downstairs floor and garage of the front unit into a 1 bed, 1 bath ADU, making for the cheapest fourplex in town.

2821 Virginia Rd currently consists of one 3-story 5 bed, 4.5 bath SFR and a duplex with two 3-story 4 bed, 4 bath townhomes that each have access to a spacious rear patio. We project a cap rate of gross monthly rent of $15,400 and a cap rate of 5.25%. The property boasts a 2-car garage for the front house and 4 partially covered spaces for the back units. If you enact the ADU option, the property’s unit mix will become: two 3-story 4 bed, 4 baths, one 4 bed, 3.5 bath (situated on floor 2 and 3 of the front building), and one 1 bed, 1 bath (situated on floor 1 + the garage of the back building). With an ADU, the property would benefit from 327 extra square feet of livable space. Plus, we project a 5.51% cap rate if you go this route! This impressive property boasts NO RENT CONTROL, separate meters for all utilities, well-designed open floorplans, a 2-car garage + 4 partially covered spots, gorgeous glass balconies, a large rear patio, high quality finishes, walk-in closets with built in shelving, laundry hookups in each unit, high-end modern kitchens, and large, stunning bathrooms. It will be delivered with a 1-year builder’s warranty. It is situated in red-hot West Adams minutes from several of the most ground-breaking mixed-use developments: Platform, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus development (Whole Foods).

Listed by: Elizabeth Maddox DRE #01921425 Brokerage DRE #01921425 • The 2-4 Unit Specialists

Listing closed: 09/26/2022 12:00 AM • Source: CRMLS, MLS#: BB22179674

Recent comparable sales

Median sold price

$2,480,000

Avg days on market

Sale-to-list ratio

93.8%

$2,360,000

Sold 06/10/25

13
Bedrooms: 13
Bathrooms: 3,407
Square Feet: 0.14
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Location

Listing Courtesy of The 2-4 Unit Specialists, Elizabeth Maddox, DRE #01921425

Sold By The 2-4 Unit Specialists, Elizabeth Maddox, DRE #01921425; The 2-4 Unit Specialists, Ian Maddox, DRE #02030205

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$16,449 per month

30 year fixed, 6.71% Interest

Principal and Interest

$13,694

Property Taxes

$2,755

HOA Dues

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Property Information for 2821 Virginia Road

Property Details

MLS Type: Residential Income
County: Los Angeles County
View: City Lights, Neighborhood
Parking Spaces Total: 6
Private Pool: No
Cooling Type: Central Air
Total Units: 3.0
Building Type: Attached
Lot Size Source: Assessor
Living Area: 5304
Assessor Parcel Number: 5050-013-011
Property Attached YN: true
Common Walls: 1 Common Wall
New Construction: Yes
Average Studio Area Units: Square Feet
Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Building Area Total: 5304
Building Area Units: Square Feet
Stories Total: 3
Entry Level: 1
Fireplace: No
Pool: No
Spa: No
View: Yes
View: Yes
Association: No
Association Fee: $.00
Zoning: LARD1.5
Senior Community: No
Parcel Number: 5050013011
Area: Mid Los Angeles (C16)
Directions: Heading west on W Adams Blvd make a left on to Virginia Rd. 2821 Virginia will be on your right.

Building Information

Stories: 3
Year Built: 2022
Lot Size: 0.12 AC / 5,232 SF

Rental Info

Tenant Pays: All Utilities

Income / Expense / Tax Details

Income Details

Gross Income: $15,400
Gross Scheduled Income: $184,800

Vacancy Allowance Rate: 4
Gross Operating Income: $177,408
Net Operating Income: $141,274
Gross Multiplier: 14.56
Cap Rate: 5.25
Financing: Cash

Expense Details

Operating Expense: $36,143
New Taxes Expense: $31,613

Gardener Expense: $1,200
Insurance Expense: $2,122
Maintenance Expense: $1,200
Trash Expense: $0
Total Expenses: $36,134

Tax / Assessment Info

Tax Area: 67
Tax Rate: 1.17

Tax Annual Amount: $31,613
Tax Tract Number: 5780
Tax Census Tract: 2200.00
CFD/Mello-Roos Fee: $253
Tax Lot: 315

Community / Development

Community Features: Curbs, Sidewalks, Street Lights

Property / Structure Info

Interior Features

Interior Features: Balcony, Living Room Balcony, Open Floorplan
Laundry: Yes

Laundry Features: Gas Dryer Hookup, Washer Hookup
Fireplace Features: None
Fireplace Rooms: None
Cooling: Central Air
Heating Type: Central
Heating: Central
Flooring Type: Vinyl
Flooring: Vinyl
Virtual Tour URL Branded: https://www.twotofour.com/2821virginia
Virtual Tour URL Unbranded: https://youtu.be/mt_epkJWM-4

Exterior Features

Roof: Flat
Fence: Yes

Fencing: New Condition
Property Condition: Turnkey
View Description: City Lights
Pool Features: None
Pool Description: None
Pool: N/K
Pool Heat: N/K
Spa Features: None
Spa Heat: N/K

Land/Lot Info

Lot Features: Front Yard, Landscaped, Level with Street
Number Of Units: 3

Land Lease: No
Land Lease Type: Fee
Road Surface Type: Paved
Road Frontage Type: City Street
Levels: One, Three Or More
Water: Public
Sewer: Public Sewer
Water Source: Public

Parking Info

Garage Spaces: 2
Parking Garage Spaces: 2

Carport Spaces: 4

Property / Structure Info

Residential Styles: Res Income 2-4 Units

Unit Information

Unit 1

Unit Type Units Total: 1
Unit Type Beds Total: 5

Unit Type Baths Total: 5
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 2
Unit Type Garage Attached: Yes
Unit Type Actual Rent: $0
Unit Type Total Rent: $0
Unit Type Pro Forma: 5800
Unit Type Type: 1

Unit 2

Unit Type Units Total: 1
Unit Type Beds Total: 4

Unit Type Baths Total: 4
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Garage Attached: No
Unit Type Actual Rent: $0
Unit Type Total Rent: $0
Unit Type Pro Forma: 4800
Unit Type Type: 2

Unit 3

Unit Type Units Total: 1
Unit Type Beds Total: 4

Unit Type Baths Total: 4
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Garage Attached: No
Unit Type Actual Rent: $0
Unit Type Total Rent: $0
Unit Type Pro Forma: 4800
Unit Type Type: 3

Unit Information

Rent Controlled: No
Number Of Buildings: 2

Number Of Separate Electric Meters: 3
Number Of Separate Gas Meters: 3
Number Of Separate Water Meters: 3

Property History for 2821 Virginia Road

Date	Event & Source	Price	Appreciation
Sep 26, 2022	Sold SDMLS #BB22179674	$2,650,000	—
Sep 26, 2022	Sold CRMLS #BB22179674	$2,650,000	—
Sep 26, 2022	Sold CLAW #BB22179674MR	$2,650,000	—
Sep 21, 2022	Pending CRMLS #BB22179674		—
Sep 13, 2022	Listed (Active) CRMLS #BB22179674	$2,690,000	—
Sep 13, 2022	Pending CLAW #BB22179674MR		—
Sep 13, 2022	Pending SDMLS #BB22179674		—
Sep 13, 2022	Listed (Active) CLAW #BB22179674MR	$2,690,000	—
Sep 13, 2022	Listed (Active) SDMLS #BB22179674	$2,690,000	—
Sep 12, 2022	Sold (Public Record) Public Record #1497949492	$2,650,000	+54.2% / yr
Sep 27, 2019	Sold CRMLS #19492154	$700,000	—
Sep 27, 2019	Sold CLAW #19-492154	$700,000	—
Aug 16, 2019	Sold (Public Record) Public Record #653300601	$700,000	—
Aug 14, 2019	Pending CLAW #19-492154		—
Aug 14, 2019	Pending CRMLS #19492154		—
Aug 12, 2019	Listed (Active) CLAW #19-492154	$710,000	—
Nov 21, 2018	Listed (Active) CRMLS #19492154	$710,000	—

Date	Event & Source	Price
09/26/2022	Sold SDMLS #BB22179674	$2,650,000
09/26/2022	Sold CRMLS #BB22179674	$2,650,000
09/26/2022	Sold CLAW #BB22179674MR	$2,650,000
09/21/2022	Pending CRMLS #BB22179674	—
09/13/2022	Listed (Active) CRMLS #BB22179674	$2,690,000
09/13/2022	Pending CLAW #BB22179674MR	—
09/13/2022	Pending SDMLS #BB22179674	—
09/13/2022	Listed (Active) CLAW #BB22179674MR	$2,690,000
09/13/2022	Listed (Active) SDMLS #BB22179674	$2,690,000
09/12/2022	Sold (Public Record) Public Record #1497949492	$2,650,000 +54.2% / yr
09/27/2019	Sold CRMLS #19492154	$700,000
09/27/2019	Sold CLAW #19-492154	$700,000
08/16/2019	Sold (Public Record) Public Record #653300601	$700,000
08/14/2019	Pending CLAW #19-492154	—
08/14/2019	Pending CRMLS #19492154	—
08/12/2019	Listed (Active) CLAW #19-492154	$710,000
11/21/2018	Listed (Active) CRMLS #19492154	$710,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2821 Virginia Road

Taxable ValueLand$1,538,751Additions$1,273,449Total$2,812,200

Tax Record2025$33,058 ($2,755 / month)

Home Facts

Baths13Total Finished SqFt5,260 SqFtAbove Grade Finished SqFt5,260 SqFtStories1Lot Size5,232 SqFtStyleTriplexYear Built2022Year Renovated2022ZoningLARD1.5CountyLOS ANGELESAPN5050-013-011

Schools near 2821 Virginia Road

This home is within Los Angeles Unified School District.


Rating	School	Type	Grades	Distance
8/10	Virginia Road Elementary School	Public - Serves this home	K to 5	0.2 mi
3/10	Johnnie Cochran, Jr., Middle School	Public - Serves this home	6 to 8	1.1 mi
3/10	Susan Miller Dorsey Senior High School	Public - Serves this home	9 to 12	0.7 mi
6/10	ISANA Nascent Academy	Charter - Choice school	K to 8	0.5 mi
5/10	Stella Elementary Charter Academy	Charter - Choice school	K to 4	0.7 mi
1/10	View Park Continuation School	Public - Choice school	9 to 12	0.8 mi
NR	West Angeles Christian Academy	Private - Nearby school	K to 8	0.4 mi
NR	Little Citizens Westside Academy - 12th Ave	Private - Nearby school	7 to 12	0.6 mi
NR	Little Citizens / Westside Academy	Private - Nearby school	6 to 12	0.6 mi


Rating	School	Distance
8/10	Virginia Road Elementary School PublicK to 5 Serves this home	0.2 mi
3/10	Johnnie Cochran, Jr., Middle School Public6 to 8 Serves this home	1.1 mi
3/10	Susan Miller Dorsey Senior High School Public9 to 12 Serves this home	0.7 mi
6/10	ISANA Nascent Academy CharterK to 8 Choice school	0.5 mi
5/10	Stella Elementary Charter Academy CharterK to 4 Choice school	0.7 mi
1/10	View Park Continuation School Public9 to 12 Choice school	0.8 mi
NR	West Angeles Christian Academy PrivateK to 8 Nearby school	0.4 mi
NR	Little Citizens Westside Academy - 12th Ave Private7 to 12 Nearby school	0.6 mi
NR	Little Citizens / Westside Academy Private6 to 12 Nearby school	0.6 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 2821 Virginia Road, Los Angeles, CA 90016	$2,650,000	13	13	5,304	5,232
2819 Virginia Road, Los Angeles, CA 90016	$260,000	3	2	1,345	5,240
2823 Virginia Road, Los Angeles, CA 90016	$3,200,000	14	16	6,463	5,232
2813 Virginia Road, Los Angeles, CA 90016	–	2	1	1,025	5,232
2829 Virginia Road, Los Angeles, CA 90016	$170,000	2	1	945	5,232
2807 Virginia Road, Los Angeles, CA 90016	$800,000	3	1	1,496	4,169
2831 Virginia Road, Los Angeles, CA 90016	$1,249,000	3	2	1,420	5,232
2835 Virginia Road, Los Angeles, CA 90016	$350,000	4	2	1,381	5,240
2816 Virginia Road, Los Angeles, CA 90016	$900,000	3	2	1,356	5,233
2818 Buckingham Road, Los Angeles, CA 90016	$760,000	4	3	2,240	5,900
2812 Buckingham Road, Los Angeles, CA 90016	$950,000	6	4	4,592	6,551
2826 Buckingham Road, Los Angeles, CA 90016	$231,000	2	2	–	6,534
2824 Virginia Road, Los Angeles, CA 90016	$308,000	2	2	1,128	5,233
2803 Virginia Road, Los Angeles, CA 90016	–	3	2	1,655	4,860
4510 West 28th Street, Los Angeles, CA 90016	$920,000	3	2	1,241	4,050
2812 Virginia Road, Los Angeles, CA 90016	$437,000	3	2	1,304	5,234

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The 2-4 Unit Specialists, Elizabeth Maddox, DRE #01921425

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

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