Office Unit Near
For Sale
$299,000
1015 Crocker Street Unit S09, Los Angeles, CA 90013
Flexible office space with an in-unit bathroom, elevator and escalator access, and on-site parking.
Property Size1,076 SF
Price / SF$277.88
Days on Market196
Property Features for 1015 Crocker Street Unit S09
General Information
Standard status
Active
Size
1,076 SF
Elevators
Yes
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
bathroom inside each unit
3
Building Details
Year Built
2003
Listing Agency:
New Star Realty & Investment
(818) 239-5989
Listed By:
Hyang Im Yoon
Source:
Xome
Added: Feb 15
Changed: Aug 29
Last Checked: Aug 29 at 10:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of New Star Realty & Investment
Investment Insights
Based on property information with market context.
This office unit offers 1,076 square feet of open space suitable for an adaptable interior arrangement. The premises include a bathroom within the unit, supporting a range of office, showroom, personal-service, photography, or travel-related configurations. The building was constructed in 2003.
Unit S09 is positioned next to the elevator and escalator, with parking available on site for occupants and visitors. The property is located near a freeway in Los Angeles’ clothing-industry district, providing access to a commercial setting with established industry context.
Unit S09 is positioned next to the elevator and escalator, with parking available on site for occupants and visitors. The property is located near a freeway in Los Angeles’ clothing-industry district, providing access to a commercial setting with established industry context.
Key Highlights
- 1,076‑square‑foot office unit with an open layout
- Bathroom located within the unit
- Adjacent to the elevator and escalator
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,540
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,800
$510.8K
Cap Rate 7%
$364,857
$364.9K
Cap Rate 9%
$283,778
$283.8K
Market Conditions
NOI Build-Up for 1,076 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.8K $38.88/SF
− Vacancy
−$7.8K −$7.23/SF
EGI
$34.1K $31.65/SF
− OpEx
−$8.5K −$7.91/SF
NOI
$25.5K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,800
Cap Rate 7%
$364,857
Cap Rate 9%
$283,778
Alternative Uses
Best Use
Office B
$364.9K
$319.3K – $425.7K
NOI $25,540 @ 7.0% cap · market cap 8.54%
Second Best
Retail
$356.7K
$312.1K – $416.2K
NOI $24,971 @ 7.0% cap · market cap 8.35%
Theoretical Best
Multifamily LT 5
$21.80M
$19.07M – $25.43M
NOI $1,525,938 @ 7.0% cap · market cap 510.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
10,892
Businesses Nearby
Explore this area
Business Placement
Demographics for 90013, CA
15,589
Population
10,143
Households
1.5
Avg Household Size
43
Median Age
39%
College-Educated
85%
High-School Grad
0.7 sq mi
ZIP Area
22,270
Density / Sq Mi
$32,848
Median Household Income
$54,250
Median Earnings
$1,161
Median Rent
$786,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible office space with an in-unit bathroom, elevator and escalator access, and on-site parking.
Where is this office units located?
The property is located at 1015 Crocker Street Unit S09 Los Angeles, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,076‑square‑foot office unit with an open layout; Bathroom located within the unit; Adjacent to the elevator and escalator
