101 N Virgil Ave

101 N Virgil Ave, Los Angeles, CA 90004

Listing Price: $2,650,000.00

Gross SF
Rentable SF
Land SF

Property Description

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. Rampart Park 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.

Property 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
  • Proximity to Silver Lake, Echo Park, Hancock Park, Koreatown, Westlake, and Downtown Los Angeles
  • Strong Demographics – 614,949 Population within 3-miles, and an average Household income of $82,999 within 3-miles