101 Virgil AveLos Angeles, CA 90004

This 5,750-square-foot industrial property, located at 101 N Virgil Ave in Los Angeles, CA 90004, is offered at $2,500,000 ($434.78/SF). Built in 1946 and renovated in 2017, this single-story building sits on a 5,750-square-foot lot and is zoned M1. The property features a commercial kitchen, walk-in freezer and cooler, office space, and warehouse space. It's ideally suited for an owner-user seeking premium commercial space or an investor looking for strong returns. The vacant tenancy allows for easy adaptation to a buyer's needs. The location offers excellent visibility at the corner of 1st Street & N Virgil Ave, with easy access to the 101 freeway and the Vermont/Beverly Metro Station. The property benefits from its proximity to several vibrant Los Angeles neighborhoods, including Silver Lake, Echo Park, Hancock Park, Koreatown, Westlake, and Downtown Los Angeles. Strong demographics within a 3-mile radius include a population of 614,949 and an average household income of $82,999. This turnkey opportunity presents a compelling investment in a growing and dynamic area. The property's modern HVAC system and updated kitchen equipment make it a perfect fit for a variety of uses, including a ghost kitchen operation.