316 N VIRGIL AVENUE
Los Angeles, CA, 90004
$979,999
MLS: SR26049330
Beds
6
Baths
4
Sq Ft
1,278
Lot
0.16 ac
Year Built
1913
MLS #
SR26049330
Days on Market
23
Listed
Mar 9, 2026
Description
Located just steps from the heart of Silver Lake, this duplex presents a rare opportunity for investors, developers, or savvy buyers looking to add value in one of Los Angeles’ most desirable neighborhoods. Situated on a generous lot, the property offers strong income potential as-is, with excellent upside for future renovation, expansion, or redevelopment. Each unit features its own private entrance and functional layout, providing flexible living arrangements and the opportunity to modernize for increased rental income. With a mix of original character and minor updates throughout, this property is a true blank canvas ready for a new vision. Located in a high-demand rental area near Silver Lake, tenants are drawn to the neighborhood’s walkability, vibrant culture, and creative energy. Enjoy proximity to trendy coffee shops, local boutiques, art galleries, and some of Los Angeles’ most popular dining destinations. Don't miss this opportunity!
Location
Los Angeles, Los Angeles County, CA 90004
Open on Google Maps ↗Listed by: Carlos Garcia · Luxury Collective
Payment estimate
$7,107
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $98,000 · Loan: $881,999
- Principal & Interest
- $5,419
- Property tax (1.25%)
- $1,021
- Homeowners insurance
- $300
- Mortgage insurance
- $367
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $34,300 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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