Description
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.
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40BEDS
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N/AACRES
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13BATHS
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01/2 BATHS
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5,800SQFT
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$724$/SQFT
School Ratings & Info
Description
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.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-06-21T12:43:13.04. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.