Retail Building in Prime
106 E 12th St, Los Angeles, CA 90015
For Sale
Contact for pricing
8,120 sq.ft. retail building on 9,170 sq.ft. land.
Property Size8,120 SF
Lot Size0.21 Acres
Price / SF$677.34
Days on Market266
Property Features for 106 E 12th St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Major Properties
Listed By:
Daniel Moussazadeh · License CA #02058572
(310) 999-9437
Source:
Crexi
Added: Feb 23
Changed: Nov 1
Last Checked: Nov 14 at 4:54AM
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 Major Properties
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Investment Insights
Based on property information with market context.
Located on a high-traffic corner at 12th & Main Streets, this property features an 8,120 sq.ft. retail building situated on 9,170 sq.ft. of land. The zoning is designated as [HB1-G1-5] [CX3-FA] [CPIO]. Positioned on the border of the South Park District and Fashion District, the location is within walking distance of LA LIVE, Crypto.com Arena, and the Peacock Theatre. The immediate neighborhood features numerous completed and planned mixed-use residential developments.
Key Highlights
- Prime heavy traffic corner location at 12th & Main Streets.
- Located on the border of the South Park District and Fashion District.
- 8,120 sq.ft. retail building on 9,170 sq.ft. of land.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,442
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,768,840
$3.8M
Cap Rate 7%
$2,692,029
$2.7M
Cap Rate 9%
$2,093,800
$2.1M
Market Conditions
NOI Build-Up for 8,120 SF
Gross rent
$300.1K $36.96/SF
− Vacancy
−$30.9K −$3.81/SF
EGI
$269.2K $33.15/SF
− OpEx
−$80.8K −$9.95/SF
NOI
$188.4K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,768,840
Cap Rate 7%
$2,692,029
Cap Rate 9%
$2,093,800
Alternative Uses
Best Use
Retail
$2.69M
$2.36M – $3.14M
NOI $188,442 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.39M
$2.97M – $3.96M
NOI $237,314 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13,464
Businesses Nearby
Explore this area
Business Placement
Demographics for 90015, CA
27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Los Angeles, CA
Properties on Market for Retail space in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Retail space - 8,120 sq.ft. retail building on 9,170 sq.ft. land.
Where is this retail space located?
The property is located at 106 E 12th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Prime heavy traffic corner location at 12th & Main Streets.; Located on the border of the South Park District and Fashion District.; 8,120 sq.ft. retail building on 9,170 sq.ft. of land.
