101 N Virgil Ave Los Angeles, CA 90004
- Warehouses
- 5,750 SF
- 0.13 lot acres
Current Use by Public Records
- Law Offices Of Frank T. Stanley / Attorney
- 프랭크 스탠리 법률 사무소 / Law Firm
Property Details for 101 N Virgil Ave
- Year built
- 1946
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.13 lot acres
- Property size
- 5,750 SF
- Zone code
- LAM1
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.287
- Latitude
- 34.0737
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
