Retail Condominium
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For Sale
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12222 Wilshire Blvd. Suites 101-106, Los Angeles, CA 90025
Six retail suites occupy the commercial component of a Class A mixed-use development with residential condominiums above.
Property Size9,785 SF
Price / SF$470.11
Days on Market5
Property Features for 12222 Wilshire Blvd. Suites 101-106
General Information
Standard status
Active
Size
9,785 SF
Property subtype
Retail
Site & Location
Traffic Count
45,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1996
Year Renovated
2008
Tenancy
Multi
Listing Agency:
Matthews
Listed By:
Chris Naylon · License #CA 01839132
Source:
Crexi
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 5 at 3:18PM
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.
The offering comprises six retail condominium suites totaling approximately 9,785 square feet within a Class A mixed-use development. Constructed in 1996 and renovated in 2008, the property includes Suites 101–106 and presents a retail configuration along Wilshire Boulevard. Residential condominiums are located above the retail component, adding existing density to the development.
The property has prominent Wilshire Boulevard exposure to more than 45,000 vehicles per day and is positioned near Brentwood, Santa Monica, and Westwood. Access to the 405 and 10 Freeways, major Metro bus routes, and regional transit improvements connects the site with broader West Los Angeles destinations. Within one mile, the surrounding area includes approximately 53,649 residents and 26,979 households, with average household income exceeding $178,000.
The property has prominent Wilshire Boulevard exposure to more than 45,000 vehicles per day and is positioned near Brentwood, Santa Monica, and Westwood. Access to the 405 and 10 Freeways, major Metro bus routes, and regional transit improvements connects the site with broader West Los Angeles destinations. Within one mile, the surrounding area includes approximately 53,649 residents and 26,979 households, with average household income exceeding $178,000.
Key Highlights
- Six retail condominium suites totaling approximately 9,785 square feet
- Built in 1996 and renovated in 2008
- Wilshire Boulevard exposure to more than 45,000 vehicles per day
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
4.94%
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
Retail
$3.24M
$2.84M – $3.78M
NOI $227,082 @ 7.0% cap · market cap 4.94%
Second Best
Mixed Use
$2.83M
$2.48M – $3.30M
NOI $198,146 @ 7.0% cap · market cap 4.31%
Theoretical Best
Multifamily LT 5
$198.24M
$173.46M – $231.28M
NOI $13,876,676 @ 7.0% cap · market cap 301.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
45,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,965
Businesses Nearby
188k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Dining 23%
Apparel 12%
Home Improvements & Furnishings 4%
Ralphs
Groceries
46,508 visits/mo
0.2 miles
McDonald's
Dining
31,667 visits/mo
0.3 miles
Smart & Final
Groceries
28,741 visits/mo
0.4 miles
Bristol Farms
Groceries
27,520 visits/mo
0.3 miles
Ross Dress for Less
Apparel
15,454 visits/mo
0.3 miles
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 Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Six retail suites occupy the commercial component of a Class A mixed-use development with residential condominiums above.
Where is this retail space located?
The property is located at 12222 Wilshire Blvd. Suites 101-106 Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Six retail condominium suites totaling approximately 9,785 square feet; Built in 1996 and renovated in 2008; Wilshire Boulevard exposure to more than 45,000 vehicles per day
