2636 Virginia Road

Los Angeles, CA 90016

$3,250,000
Price
16
Beds
15
Baths
6,936 Sq. Ft.
$469 / Sq. Ft.
6,936
Sq. Ft.
$469
per Sq. Ft.

Description

Presenting 2636 Virginia Rd a newly constructed four-unit townhouse style units in prime Mid-City area. This is a rare opportunity considering the area's low inventory and a great property to add to your portfolio with a projected 4.62% Cap Rate in a thriving neighborhood. This is a 2022 build tri-level side-by-side units in two separate buildings located in the opportunity zone. A high demand investment opportunity featuring modern design, open and large floor plans, ample parking, rooftop decks...Presenting 2636 Virginia Rd a newly constructed four-unit townhouse style units in prime Mid-City area. This is a rare opportunity considering the area's low inventory and a great property to add to your portfolio with a projected 4.62% Cap Rate in a thriving neighborhood. This is a 2022 build tri-level side-by-side units in two separate buildings located in the opportunity zone. A high demand investment opportunity featuring modern design, open and large floor plans, ample parking, rooftop decks (two units) with amazing views of the city! These beautifully designed townhomes consist of spacious (2) 4 Bed 4 Bath and (2) 4 Bed 3.5 Bath units each equipped with in unit laundry, Central A/C with Nest thermostats, balconies, individual water, electric, gas meters, stainless steel appliances installed, paid off solar panels. All highly attractive amenities for the tenants. The property is centrally located and minutes away from Downtown LA, Culver City and close to 10 freeway, giving easy access to all surrounding areas. This is an absolutely beautiful property. Call now for a viewing!

Listing Agent

  1. Susan Roberts

    Susan Roberts

    Listing Agent

    Compass

    DRE #01944257

Property Details for 2636 Virginia Road

Zoning
LARD1.5
Style
Contemporary
Parcel Number
5050002003
Total Units
4.0
Living Area
6936
Source Living Area
Owner
Area
Mid Los Angeles (C16)
Vacancy Rate
3

Location

Listing Courtesy of Compass, Susan Roberts, DRE #01944257
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LISTING UPDATED: 06/07/2023 09:40 AM

Property Details for 2636 Virginia Road

StatusActive
MLS #22-213147
Days on Market545
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2022
Lot Size0.15 AC / 6,550 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Susan Roberts, DRE #01944257
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Virtual Tour

Building Information for 2636 Virginia Road

Stories3Residences-Year Built2022Building Size-Lot Size0.15 AC / 6,550 SF

Payment Calculator

$18,686 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,737

Property Taxes

$949

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2636 Virginia Road

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Seller
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: Townhouses
  • View: Yes
  • View Description: City, City Lights
  • View: City Lights
  • Security Features: Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System, Gated, Smoke Detector
  • Property Condition: New Construction
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Water Heater Features: Tankless
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Conventional, Cash
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $200,091
  • Net Operating Income: $150,292.00
  • Gross Income: $206,280
  • Cap Rate: 4.62%
  • Gross Rent Multiplier: $15.75
  • Owner Pays: Gardener
  • Total Annual Expense: 49799.40
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Lot Acreage: 0.1504
  • Lot Size Square Feet: 6550
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Driveway, Uncovered, Attached, Driveway - Pavers, Driveway Gate, Other
  • Total Parking: 6
  • Covered Parking: 2
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 2
  • Parking Features: Driveway, Uncovered, Paved
  • Attached Garage: Yes
Interior Features
Interior Features
  • Room Type: Living Room, Walk-In Closet
  • Rooms: Dining Room, Living Room, Walk-In Closet
  • Den: No
  • Family Room: 0
  • Dining Room: 1
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate, Tile, Hardwood
  • Equipment: Dishwasher, Dryer, Gas Or Electric Dryer Hookup, Hood Fan, Microwave, Solar Panels, Refrigerator, Range/Oven
  • Interior Features: Open Floor Plan, Living Room Balcony, Turnkey, Common Walls, Recessed Lighting, Tandem
  • Room Kitchen Features: Kitchen Island, Stone Counters
  • Kitchen Features: Island, Stone Counters
  • Bedroom Features: WalkInCloset, Multi-Level Bedroom, Master Bedroom
  • Common Walls: Attached
  • Cooking Appliances: Microwave, Range, Oven
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Patio Features: Balcony
  • New Construction: Yes
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-28-2022
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $3,995.00
  • Unit Actual Rent: $3,995.00
  • Unit Projected Rent: $3,995.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $3,995.00
  • Unit Actual Rent: $3,995.00
  • Unit Projected Rent: $3,995.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,800.00
  • Unit Actual Rent: $4,800.00
  • Unit Projected Rent: $4,800.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,400.00
  • Unit Actual Rent: $4,400.00
  • Unit Projected Rent: $4,400.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $51,000.00
  • Assessed Improvement Percent: 5.71
  • Assessed Land Value: $841,500.00
  • Assessed Land Percent: 94.29
  • Assessed Total Value: $892,500.00

Property History for 2636 Virginia Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2636 Virginia Road

Taxable ValueLand$858,330Additions$52,020Total$910,350
Tax Record2023$11,389 ($949 / month)
Home Facts
Total Finished SqFt2,854 SqFtAbove Grade Finished SqFt2,854 SqFtLot Size6,550 SqFtStyleDuplexYear Built1924ZoningLARD1.5CountyLOS ANGELESAPN5050-002-003

Schools near 2636 Virginia Road

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Virginia Road Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

ISANA Nascent Academy
CharterK to 8

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.

Similar Homes

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Similar Sold Homes

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2636 Virginia Road is a multi-family home for sale in Los Angeles, CA 90016. This property was listed for sale on October 28, 2022 by Compass, it's currently listed at $3,250,000. It has been on the market for a total of 545 days and was last sold on January 15, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Virginia Road Elementary School, Johnnie Cochran, Jr., Middle School and Susan Miller Dorsey Senior High School. 2636 Virginia Road is a 16-bed, 15-bath, 6,936 sqft multi-family home built in 2022.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Susan Roberts, DRE #01944257

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.