101 N Virgil Ave, Los Angeles, CA
Commercial kitchen at the junction of Koreatown, Echo Park, Hollywood.
- Added:
- Jul 23, 2024
- Days on Market:
- 692
- Last Refresh:
- May 20 at 9:45 pm
Property Features for 101 N Virgil Ave
General Information
- Standard status
- Active
- Size
- 5,750 SF
- Lot size
- 0.13 Acres
- Property subtype
- INDUSTRIAL
Listing agent Jae Yoo (213) 629-6551
Listing office Cushman & Wakefield (213) 629-6551
Listing date Jul 23, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield
HighLights
- Renovated Commercial Kitchen with Walk‑In Freezer and Cooler
- Ideal for Commissary, Ghost Kitchen, Catering, Food Manufacturing, Etc.
- Free Standing Building at the Corner of Virgil Ave & 1st St
- At the Junction of Koreatown, Echo Park, East Hollywood
- Ground Level and Dock High Available
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $212.5k | $36.96 |
| − Vacancy | −$4.9k | −$0.85 |
| EGI | $207.6k | $36.11 |
| − OpEx | −$51.9k | −$9.03 |
| NOI | $155.7k | $27.08 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.287
- Latitude
- 34.0737
