543 N VIRGIL AVE | OFFERING MEMORANDUM

The 2-4 Unit Specialists are pleased to present 543 N Virgil, a 7,004 LAR3 lot

(in a TIER 3 Transit Oriented Community + OPPORTUNITY ZONE!) that can be

delivered RTI for a fourplex! Located in the heart of Virgil Village 4 minutes

away from Silver Lake’s trendy Sunset Junction, 543 N Virgil provides

developers an unbeatable opportunity to build in a prime rental market.

New construction 2 bedrooms in this area go for the high $2,000’s-$3,000’s

and 3 bedrooms rent in the $3,000’s-$4,000’s. Additionally, the nearest new

construction fourplex that sold went for $3,100,000 (0.4 miles away), an

excellent sign for a future fourplex on this lot!

The plans this property can be delivered with include four units, two 3

bedroom, 3 bathroom side-by-side townhome style in the front, one single

story 3 bedroom, 2 bathroom in the upstairs back, and one single story 2

bedroom, 1 bathroom in the downstairs back.

Additionally, there is the option to pursue a larger project and take

advantage of the Tier 3 TOC (density bonus for Tier 3 TOC is 70%, so there is

possibility to build up to 14 units. This is not a guarantee– please do your

own due diligence).

OFFERING SUMMARY

543 N VIRGIL AVE | OFFERING MEMORANDUM

PROPERTY OVERVIEW

THE LAND: Address: 543 N Virgil Ave, Hollywood, CA 90004

APN: 5539-030-003

Zoning: LAR3 (1 unit per 800 SF of land)

# Developable Units: 14– Seller & agent do not guarantee, buyer to do their own due diligence

Lot Size (SF): 7,004

Current Building on Lot: Nothing– Empty Lot

Opportunity Zone: Yes

THE OFFERING: List Price: $1,150,000

Price per Lot SF: $164.19

THE RTI PLANS: Unit 1 (Front Right Unit): 3b/3b | 1,256 SF | 2-story | Projected Rent $3,500-$3,650

Unit 2 (Front Left Unit): 3b/3b | 1,256 SF | 2-story | Projected Rent $3,500-$3,650

Unit 3: (Back Upstairs Unit): 3b/2b | 1,296 SF | 1-story | Projected Rent $3,500-$3,650

Unit 4: (Back Downstairs Unit): 2b/1b | 867 SF | 1-story | Projected Rent $2,750-$2,950

Parking: 2 Garage Spots in Back Building, 5 Exterior Spots, and Bike Parking

Total Square Footage: 4,674 SF

LOCATION HIGHLIGHTS LOCATION HIGHLIGHTS

• The nearest new construction fourplex (0.4 miles away) went for $3,100,000, a great sign this will be a very profitable new

construction project!

• Located 4 minutes from Sunset Junction, home to Silver Lake’s trendiest restaurants, shops, cafes, businesses and nightlife!

• This property is located in ultra trendy Virgil Village, a neighborhood that attracts high paying hipster types.

• New construction 2 bedrooms in this area go for the high $2,000’s-$3,000’s and 3 bedrooms rent in the $3,000’s-$4,000’s.

• Moments from Silver Lake, Hollywood, Echo Park, Korea Town, etc.

• Hop on the nearby 101 freeway and get just about anywhere!

• “Very Walkable” on Walkscore.com

543 N VIRGIL AVE | OFFERING MEMORANDUM

LOCATION HIGHLIGHTS MAP

Subject Property

Nearby Attractions

543 N VIRGIL AVE | OFFERING MEMORANDUM

4 UNIT RENDERINGS

543 N VIRGIL AVE | OFFERING MEMORANDUM

PLOT PLAN

543 N VIRGIL AVE | OFFERING MEMORANDUM

FRONT BUILDING | 3b/3b 2-story Uni ts

543 N VIRGIL AVE | OFFERING MEMORANDUM

BACK BUILDING | 3b/2b and 2b/1b Units

543 N VIRGIL AVE | OFFERING MEMORANDUM

EXTERIOR