101 Virgil AveLos Angeles, CA 90004

Property Details for 101 Virgil Ave

Year built

1946

Construction

TILT-UP CONCRETE

Lot size

0.13 AC

Property size (Sq ft)

5,750 SF

Zone code

LAM1

Property type

Industrial properties

Property subtype

Other warehouses

APN

5501-007-006

APU

5501007006

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,941,272

  Hospitality

  $1,778,195

  Educational

  $1,479,437

  Medical

  $1,530,317

  Retail

  $2,301,347

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0737

Longitude

-118.287

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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