1110 N VIRGIL AVE Los Angeles, CA 90029

4473-4481 Santa Monica Blvd "SV Plaza" presents a generational opportunity to acquire a large hard corner parcel with established internet resistant tenants in rapidly gentrifying Virgil Village. An investor can potentially increase rental income by 24%, without tenant buy-out or relocation agreements.The 12,662 Square Foot building consists of five retail spaces on the first floor, all of which are leased. There is a good mix of national tenants including UPS and regional tenants including Urban Pet and BBQ + Rice, each with four other locations in the LA area.The second floor consists of four 1,000+ SF Apartment Units and an Office. As the building was built in 2005, the apartments are not subject to City or State rent control and can immediately be repositioned. All second floor tenants are month to month.Virgil Village has attracted young families, millennials, and East Coast transplants due to an influx of accomplished chefs and proximity to Los Feliz and Silverlake. The property is across the street from a popular bar The Virgil, and a five minute walk from Erehwon. Virgil Village is a dining destination with renowned cafes Sqirl, Melody, Courage Bagels and Kinkan. SV Plaza is a short distance from the Santa Monica Blvd/Vermont Metro and the 101 Freeway.