Mixed-Use Property with Retail and
For Sale
Contact for pricing
12222 Wilshire Blvd, Los Angeles, CA 90025
Built in 1996 and remodeled in 2004, this mixed-use building combines ground-level retail with condominium residences above.
Property Size9,785 SF
Price / SF$500.77
Days on Market148
Property Features for 12222 Wilshire Blvd
General Information
Standard status
Active
Size
9,785 SF
Class
A
Property subtype
Retail
Zoning
LAC2
Occupancy
83%
Investment Type
Core
Net Operating Income
$216,675
Site & Location
Traffic Count
45,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1996
Year Renovated
2008
Units
6
Tenancy
Multi
Listing Agency:
Matthews
Listed By:
Chris Naylon · License #CA 01839132
Source:
Crexi
Added: Apr 13
Changed: Aug 26
Last Checked: Aug 31 at 10:26AM
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 Matthews
Investment Insights
Based on property information with market context.
12222 Wilshire Blvd is a Class A mixed-use property built in 1996 and remodeled in 2004. The building features ground-level retail with condominium residences located above, with European-styled condos and in-unit amenities. Secure parking is included for residents.
The property offers retail frontage and strong street exposure, with remarks citing approximately 45,000 vehicles per day. It is positioned amid Westside Los Angeles neighborhoods including Brentwood, Santa Monica, and Westwood, with access to I-405 and I-10 and Metro bus routes.
The location is also supported by planned transit expansion, with a new D Line subway extension noted for arrival by 2027. The offering is presented as an income-focused opportunity with both retail leasing and residential value contributed by the condominium component.
The property offers retail frontage and strong street exposure, with remarks citing approximately 45,000 vehicles per day. It is positioned amid Westside Los Angeles neighborhoods including Brentwood, Santa Monica, and Westwood, with access to I-405 and I-10 and Metro bus routes.
The location is also supported by planned transit expansion, with a new D Line subway extension noted for arrival by 2027. The offering is presented as an income-focused opportunity with both retail leasing and residential value contributed by the condominium component.
Key Highlights
- Mixed‑use property at 12222 Wilshire Blvd, Los Angeles, CA 90025
- Built in 1996 and remodeled in 2004
- Ground‑level retail frontage with condo residences above ground‑level retail
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
$227,082
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
4.63%
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%
$4,541,640
$4.5M
Cap Rate 7%
$3,244,029
$3.2M
Cap Rate 9%
$2,523,133
$2.5M
Market Conditions
NOI Build-Up for 9,785 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
$361.7K $36.96/SF
− Vacancy
−$37.3K −$3.81/SF
EGI
$324.4K $33.15/SF
− OpEx
−$97.3K −$9.95/SF
NOI
$227.1K $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%
$4,541,640
Cap Rate 7%
$3,244,029
Cap Rate 9%
$2,523,133
Alternative Uses
Best Use
Apartment 5plus
$172.99M
$151.37M – $201.82M
NOI $12,109,466 @ 7.0% cap · market cap 247.13%
Second Best
Retail
$3.24M
$2.84M – $3.78M
NOI $227,082 @ 7.0% cap · market cap 4.63%
Theoretical Best
Multifamily LT 5
$198.24M
$173.46M – $231.28M
NOI $13,876,676 @ 7.0% cap · market cap 283.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
45,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,965
Businesses Nearby
Explore this area
Business Placement
Demographics for 90025, CA
45,466
Population
24,965
Households
1.8
Avg Household Size
36
Median Age
70%
College-Educated
95%
High-School Grad
2.6 sq mi
ZIP Area
17,487
Density / Sq Mi
$104,627
Median Household Income
$70,713
Median Earnings
$2,465
Median Rent
$1,081,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Built in 1996 and remodeled in 2004, this mixed-use building combines ground-level retail with condominium residences above.
Where is this mixed-use property located?
The property is located at 12222 Wilshire Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Mixed‑use property at 12222 Wilshire Blvd, Los Angeles, CA 90025; Built in 1996 and remodeled in 2004; Ground‑level retail frontage with condo residences above ground‑level retail
