319 S VIRGIL AVE.
Los Angeles, CA 90020 · APN 5501-021-028
UNITS
74
BUILDING SF
67,477
SF / UNIT
912
YEAR BUILT
1991
BEDROOMS
-
BATHROOMS
-
USE · CODE 0501
5+ UNITS
Leave an email and I will send you what it is worth today, in place and on turnover, from comps that closed within three blocks. Free, confidential, inside 48 hours, and no listing pitch until you ask for one.
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PROP 13 ASSESSED VALUES, USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.
PRICE ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE, NOT A VERIFIED CLOSING PRICE.
LIKELY UNDER AB 1482 STATE CAP
Built 1991, inside the City of Los Angeles. Construction after 1 October 1978 is outside the RSO, so the statewide cap applies instead: 5% plus regional CPI, never more than 10% in a year.
Recent sales nearby.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON S VIRGIL AVE · ZIP 90020
SIMILAR SIZE AND ERA IN 90020
This building sits in Koreatown.
RECORDED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
Is 319 S Virgil Ave rent controlled?
Built 1991, inside the City of Los Angeles. Construction after 1 October 1978 is outside the RSO, so the statewide cap applies instead: 5% plus regional CPI, never more than 10% in a year. This is an inference from public assessor records, not a determination. Confirm the certificate of occupancy date with the LA Housing Department or ZIMAS before you rely on it for pricing or notices.
How many units does 319 S Virgil Ave have?
County records list 74 units at 319 S Virgil Ave, classified as 5+ units across 67,477 square feet of building area, averaging about 912 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 319 S Virgil Ave built?
The assessor roll gives a build year of 1991, which is after the 1 October 1978 RSO cutoff. The ordinance turns on the certificate of occupancy rather than the roll's build year, so a building finished either side of that date is worth confirming with LAHD. Age drives more than character here. It sets rent-cap exposure, seismic retrofit obligations, and what a lender will underwrite.
When did 319 S Virgil Ave last sell, and for how much?
The last recorded transfer was August 2021, at an estimated $23,637,934, about $319,432 per unit. That price is estimated from the Proposition 13 reassessment recorded at sale, not a verified closing price, so treat it as a close approximation rather than a confirmed figure.
What is 319 S Virgil Ave assessed at, and is that what it is worth?
The current assessed value is $25,084,765 ($16,247,344 land, $8,837,421 improvements). Assessed value is not market value. Under Proposition 13 it resets only on a change of ownership and then climbs about 2% a year, so a long-held building is often assessed far below what it would trade for.
What is the Koreatown apartment market doing?
319 S Virgil Ave sits in Koreatown, in Los Angeles. Recorded sale counts, median price per unit, median price per square foot, and the share of rent-control-era stock for the submarket are published and updated as the county roll refreshes. See the Koreatown market page for the current figures rather than a number quoted here.
How do I find out what 319 S Virgil Ave would sell for today?
Public records give you the frame, units, size, age, assessed value, and when it last traded, but pricing needs in-place rents, expenses, and the condition of the units, none of which appear in county data. A broker valuation puts closed comps and a rent survey against the actual rent roll. Shaya Lowenstein does that free for LA multifamily owners, typically within 48 hours, with no obligation to list.
Leave an email and I'll come back with what it is worth and whether the owner is likely to trade. It does not have to be for sale, and it does not have to be my listing.
This form saves what you type as you go, so you can come back to it.
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