Rampart Village Warehouse | 101 N Virgil Ave
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Rampart Village Warehouse 101 N Virgil Ave
5,750 SF Industrial Building Los Angeles, CA 90004 $2,500,000 ($435/SF) 3.62% Cap Rate
Investment Highlights
- 5,750-square-feet of recently renovated kitchen space – new HVAC, walk in freezer and cooler, office, warehouse, and kitchen space
- Ideal Turn-Key Owner-User Transaction
- Easy access to the 101 freeway and Vermont/Beverly Metro Station
- Ghost kitchen opportunity location in the center of Los Angeles
- Situated on the Corner of 1st Street & N Virgil Ave with excellent visibility
Executive Summary
$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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,500,000 | Lot Size | 0.13 AC |
| Price Per SF | $435 | Rentable Building Area | 5,750 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 3.62% | Year Built | 1946 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | Opportunity Zone |
Yes
|
| Price | $2,500,000 |
| Price Per SF | $435 |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.62% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.13 AC |
| Rentable Building Area | 5,750 SF |
| No. Stories | 1 |
| Year Built | 1946 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
Amenities
- Bus Line
- Cooler
- Floor Drains
- Freezer (Space)
Utilities
- Lighting
- Water
- Sewer
Walk Score ®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 5501-007-006 | Improvements Assessment | $483,574 |
| Land Assessment | $1,365,392 | Total Assessment | $1,848,966 |
PROPERTY TAXES
Parcel Number
5501-007-006
Land Assessment
$1,365,392
Improvements Assessment
$483,574
Total Assessment
$1,848,966
zoning
| Zoning Code | M1-1 (Limited Industrial MR1 Uses, Limited Industrial & Manufacturing Uses, no R Zone Uses, no Hospitals, Schools, Churches, any Enclosed C2 Use, etc.) |
| M1-1 (Limited Industrial MR1 Uses, Limited Industrial & Manufacturing Uses, no R Zone Uses, no Hospitals, Schools, Churches, any Enclosed C2 Use, etc.) |
Contacts
-
Brin Hamblin -
John Lally -
Ryan Rothstein-Serling -
Martin Agnew -
Agnew | Serling Group
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Rampart Village Warehouse | 101 N Virgil Ave
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