101 N Virgil Ave - Warehouse FOR SALE


Los Angeles, CA 90004
$2,400,000 USD
818-212-2776
101 N Virgil Ave, Los Angeles, CA for Sale
$2,400,000 USD
Warehouse - FOR SALE
1/15
null | 3.77% Cap Rate

101 N Virgil Ave
Los Angeles, CA 90004


HIGHLIGHTS

  • 5,750-square-feet of recently renovated kitchen space – new HVAC, walk in freezer and cooler, office, warehouse, and kitchen space
  • Ghost kitchen opportunity location in the center of Los Angeles
  • Ideal Turn-Key Owner-User Transaction
  • Situated on the Corner of 1st Street & N Virgil Ave with excellent visibility
  • Easy access to the 101 freeway and Vermont/Beverly Metro Station

OVERVIEW

$150K PRICE REDUCTION! Marcus & Millichap is pleased to introduce an exceptional commercial kitchen opportunity in the heart of Los Angeles, CA, located at 101 N Virgil Ave. This prized property has been recently renovated with state-of-the-art equipment allowing a user to take advantage of today’s ghost kitchen market. The property is ideally suited for an owner-user seeking premium commercial space or an investor looking for lucrative returns. The flexibility of the current tenancy allows for easy adaptation to an Owner-User’s immediate needs. Or as an investor, capitalize on the street’s high rental rate, ensuring a rewarding long-term investment. Strategically designed and meticulously equipped, this property is tailor-made for culinary entrepreneurs seeking a turnkey solution for their food-related ventures. Whether you’re an aspiring chef, a food production company, or a culinary innovator, this commercial kitchen promises to be the heartbeat of your culinary success. This property is not just a kitchen; it’s a culinary ecosystem designed to foster innovation, efficiency, and success. Rampart Park, California is a growing and vibrant area, and is experiencing a renaissance, attracting both businesses and residents seeking an urban lifestyle with a strong sense of community. The neighborhood’s strategic location, coupled with ongoing infrastructure developments, makes it a hotbed for investment opportunities.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

3.77%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Rampart Village Warehouse

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

UTILITIES

Lighting, Water, Sewer

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13

LAND SF

5,750

ZONING

M1-1

APN/PARCEL ID

5501-007-006

ASK ABOUT THIS PROPERTY

Brin HamblinAgnew | Serling GroupMore Info
818-212-2776

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Brin HamblinAgnew | Serling GroupMore Info
818-212-2776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.