$5,500,000
For Sale

222 N Virgil Avenue

Los Angeles, CA 90004
0.29 acres | #DW24216170
Listing OfficeRealty Group Advisors
Browse 13 photos
Type:Purchase
Structure:Office
Zone:Commercial

Description

Realty Group Advisors is pleased to introduce our latest listing! This substantial 12,654-square-foot lot in the thriving Silver Lake neighborhood presents a rare opportunity to acquire two mixed-use buildings, both zoned LAC2. These buildings offer exceptional versatility for a range of commercial and development possibilities.
Building one is the larger of the two structures; this 5,943-square-foot building is well-equipped for a sizable operation. With its generous open space and private offices, it includes four restrooms, ensuring convenience and flexibility for businesses. The building’s layout accommodates various tenants or a single company with significant space requirements. A well-maintained exterior and interior to the property appeal, making it a prime choice for those seeking a prominent presence in the area.
Complementing the larger structure of Building 2, this 832-square-foot building offers a more intimate setting, ideally suited for a small business, boutique office, or specialty retail space. Despite its compact size, it includes a private restroom and efficient use of space, providing a cozy yet professional environment. This building could serve as an independent office, a workspace, or a potential residential property for supplemental income.
Both buildings are currently utilized as office spaces and will be delivered vacant, allowing for immediate occupancy. The spacious lot size provides parking and potential for future development or expansion, subject to zoning regulations. The property’s prime location in Silver Lake, a neighborhood known for its eclectic mix of businesses, restaurants, and residential areas, further enhances its attractiveness, offering excellent visibility and access to a vibrant local market.

  • Property Details
      • Lot DescriptionZeroToOneUnitAcre
      • Stories1
    • Measurements
      • Acres0.2905
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1938
  • Utilities / Energy Details
      • Utility SourcePublic
  • Community and Neighborhood Details
      • CountyLos Angeles
  • Financial Details
      • Original List Price$5,500,000
  • Other
      • MLS #DW24216170

Location

SparrowLily Realty, Inc.Real Estate Group
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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