Fashion District Retail
For Sale
$1,152,073
747 East 10th Street, Los Angeles, CA 90021
High-end showroom in revitalized fashion district with mezzanine.
Property Size2,850 SF
Price / SF$404.24
Days on Market215
Property Features for 747 East 10th Street
General Information
Standard status
Active
Size
2,850 SF
Property subtype
Retail
Site & Location
Neighborhood
Downtown
Listing Agency:
Newmark
Listed By:
Brent Koo · License #01915382
(213) 613-3135
Source:
Cbre
Added: Mar 26
Changed: Oct 25
Last Checked: Oct 24 at 2:14PM
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 Newmark
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Investment Insights
Based on property information with market context.
Located in the heart of Los Angeles' vibrant fashion district on E 10th St, this high-end retail showroom is situated in the prestigious Newmark Building. The property is positioned in a recently revitalized section of the fashion district, offering a dynamic and versatile space with a prime street-level position and an additional second-floor mezzanine. The unit is meticulously maintained. Benefiting from high foot traffic, the showroom is positioned in a bustling area. It is conveniently located within minutes of Downtown LA, with easy access to major freeways (110, 60, 5, and 10). The property is in close proximity to the financial district and the USC Headquarters. The property size is 1760 square feet. Seller financing is available. Inquiries regarding 1031 exchanges are welcome.
Key Highlights
- Seller financing available with 10% down payment and 4% interest rate.
- Prime location in the revitalized Fashion District on E 10th St.
- High foot traffic for maximizing business exposure.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,140
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,322,800
$1.3M
Cap Rate 7%
$944,857
$944.9K
Cap Rate 9%
$734,889
$734.9K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$105.3K $36.96/SF
− Vacancy
−$10.8K −$3.81/SF
EGI
$94.5K $33.15/SF
− OpEx
−$28.3K −$9.95/SF
NOI
$66.1K $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 Rate 5%
$1,322,800
Cap Rate 7%
$944,857
Cap Rate 9%
$734,889
Alternative Uses
Best Use
Retail
$944.9K
$826.8K – $1.10M
NOI $66,140 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$57.74M
$50.52M – $67.36M
NOI $4,041,750 @ 7.0% cap · market cap 350.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10,892
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90021, CA
5,192
Population
1,694
Households
3.1
Avg Household Size
46
Median Age
20%
College-Educated
64%
High-School Grad
2.0 sq mi
ZIP Area
2,596
Density / Sq Mi
$32,250
Median Household Income
$35,528
Median Earnings
$984
Median Rent
$1,075,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Showroom - High-end showroom in revitalized fashion district with mezzanine.
Where is this showroom located?
The property is located at 747 East 10th Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,152,073.
What are key features of this property?
This property features: Seller financing available with 10% down payment and 4% interest rate.; Prime location in the revitalized Fashion District on E 10th St.; High foot traffic for maximizing business exposure.
