Retail Building in Prime
For Sale
Contact for pricing
106 E 12th St, Los Angeles, CA 90015
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 Market174
Property Features for 106 E 12th St
General Information
Standard status
Active
Size
8,120 SF
Lot size
0.21 Acres
Property subtype
Retail, Land
Zoning
[HB1-G1-5] [CX3-FA] [CPIO]
Investment Type
Redevelopment
Building Details
Year Built
1913
Listing Agency:
Major Properties
(310) 999-9437
Listed By:
Charlie Rosenberg · License #CA
Source:
Crexi
Added: Feb 23
Changed: Aug 13
Last Checked: Aug 15 at 1:23AM
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
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 = 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
$188,442
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
3.43%
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%
$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
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
$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 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%
$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
Multifamily LT 5
$164.51M
$143.94M – $191.92M
NOI $11,515,443 @ 7.0% cap · market cap 209.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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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.
