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    Fashion District Investment Opportunity Title is generated by Realmo AI

    1212 S San Pedro Street, Los Angeles, CA 90015

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    Picture of NNN properties at 1212 S San Pedro Street, Los Angeles, CA
    For Sale
    $2,980,000

    Commercial Sale - Los Angeles, CA

    Property size:
    10,944 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $272/SF
    Added:
    Nov 6, 2025
    Days on Market:
    191
    Last Refresh:
    May 16 at 5:06 am

    Property Features for 1212 S San Pedro Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    5132012003
    Size
    10,944 SF
    Lot size
    0.32 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1965
    Architectural style
    Other

    We can help!

    Listing Contact
    Jenny Xu

    Listing agent Jenny Xu License #01258213

    Listing office RE/MAX MASTERS REALTY 1030 Bonita Avenue, Covina, CA

    Listing date Nov 6, 2025

    MLS# CV25250755 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Long‑term single NNN tenant in place since 1998, providing stable income.
    • Prime location in the heart of the Fashion District with high traffic and proximity to major retailers.
    • Approximately 5% cap rate.
    • Large 14,065 sqft lot with 7 units, offering potential for future development or rental income.
    • Convenient access to the 10 Freeway and Downtown LA amenities.
    • Property appraised at $3,400,000.

    Overview

    Located in the heart of the Fashion District, this commercial property presents an investment opportunity. The property has had a single NNN tenant since 1998, with the lease ending in November 2025. Situated on a 14,065 sqft lot, the property comprises 7 units (A-G), with unit numbers ranging from 1212-A (Fashion ONE) to 1212-G (blu:m). Units A to E each measure 1,540 sqft, while Units F and G are 1,510 sqft each, totaling 10,944 sqft. Zoned for light industrial use, the property includes 11 parking spaces. Fully renovated in 2000, each unit features a bathroom and front and back windows and doors for entrances. The property is located a few blocks from the 10 Freeway and minutes from Downtown LA's culinary scene, shops, and amenities. The property was appraised at $3,400,000 and has an approximate 5% cap rate. The property is also on the market for lease at $3,000 per unit.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $2.82M
    NOI $253,979 @ 9.00% cap · cautious / downside scenario
    Moderate
    $3.63M
    NOI $253,979 @ 7.00% cap · market / base-case scenario
    Aggressive
    $5.08M
    NOI $253,979 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $404.5k $36.96
    − Vacancy −$41.7k −$3.81
    EGI $362.8k $33.15
    − OpEx −$108.8k −$9.95
    NOI $254.0k $23.21
    10,944 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $3.63M
    $3.17M – $4.23M (±1% cap)
    NOI $253,979 @ 7.0% cap · market cap 8.52%
    Second Best
    Industrial
    $1.94M
    $1.70M – $2.27M (±1% cap)
    NOI $135,953 @ 7.0% cap · market cap 4.56%
    Theoretical Best
    Multifamily LT 5
    $221.72M
    $194.00M – $258.67M (±1% cap)
    NOI $15,520,321 @ 7.0% cap · market cap 520.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Benni Group Inc Big Box & Wholesale Store Fashion One Clothing & Fashion Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2533715
    Latitude
    34.033291

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    FAQs

    What type of property is this?
    NNN property - Retail property in the Fashion District with long-term NNN tenant.
    Where is this nnn property located?
    The property is located at 1212 S San Pedro Street Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,980,000.
    What are key features of this property?
    This property features: Long‑term single NNN tenant in place since 1998, providing stable income.; Prime location in the heart of the Fashion District with high traffic and proximity to major retailers.; Approximately 5% cap rate.
    (626) 674-7368
    We can help!
    Listing Contact
    Jenny Xu
    Real Estate License ID: 01258213
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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