Showroom Property With Roof
New
For Sale
Contact for pricing
780-798 E 12th St, Los Angeles, CA 90011
Multi-level commercial property with showroom, office, storage, alley-access, and rooftop parking components.
Property Size18,099 SF
Price / SF$491.74
Days on Market6
Property Features for 780-798 E 12th St
General Information
Standard status
Active
Size
18,099 SF
Class
B
Property subtype
Retail
Occupancy
85%
Investment Type
Owner/User
Net Operating Income
$446,242
Additional Details
Asking Price
$8,900,000
Building Details
Year Built
2005
Units
19
Tenancy
Multi
Listing Agency:
Quixotic Realty
Listed By:
Donegan McCuaig · License #01753250
(213) 304-4727
Source:
Crexi
Added: Aug 28
Changed: Sep 1
Last Checked: Sep 1 at 9:29PM
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 Quixotic Realty
Investment Insights
Based on property information with market context.
This 18,099-square-foot showroom property, built in 2005, combines multiple commercial components within a single asset. The ground floor includes 10 showrooms oriented toward E 12th Street, along with 5 alley-access spaces equipped with metal roll-up doors. Four additional spaces on the second floor provide office or storage functionality, and roof parking is included. Two of the ground-floor showrooms are ready for immediate occupancy.
The property occupies the intersection where Crocker Street terminates at E 12th Street, placing the ground-floor showroom frontage at a prominent street junction. It is located in Los Angeles’ Fashion District, with E 12th Street, Crocker Street, and Towne Avenue identified as key streets for wholesale women’s fashion businesses. The configuration supports an owner-user or investment acquisition, subject to the buyer’s intended use and applicable approvals.
The property occupies the intersection where Crocker Street terminates at E 12th Street, placing the ground-floor showroom frontage at a prominent street junction. It is located in Los Angeles’ Fashion District, with E 12th Street, Crocker Street, and Towne Avenue identified as key streets for wholesale women’s fashion businesses. The configuration supports an owner-user or investment acquisition, subject to the buyer’s intended use and applicable approvals.
Key Highlights
- 18,099‑square‑foot showroom property built in 2005
- 10 ground‑floor showrooms facing E 12th Street
- 4 second‑floor office/storage spaces
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
$457,487
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
5.14%
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%
$9,149,740
$9.1M
Cap Rate 7%
$6,535,529
$6.5M
Cap Rate 9%
$5,083,189
$5.1M
Market Conditions
NOI Build-Up for 18,099 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
$668.9K $36.96/SF
− Vacancy
−$15.4K −$0.85/SF
EGI
$653.6K $36.11/SF
− OpEx
−$196.1K −$10.83/SF
NOI
$457.5K $25.28/SF
Area
ZIP 90011
Vacancy
2.30%
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%
$9,149,740
Cap Rate 7%
$6,535,529
Cap Rate 9%
$5,083,189
Alternative Uses
Best Use
Retail
$6.54M
$5.72M – $7.62M
NOI $457,487 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$366.67M
$320.84M – $427.79M
NOI $25,667,241 @ 7.0% cap · market cap 288.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,482
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
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?
Showroom - Multi-level commercial property with showroom, office, storage, alley-access, and rooftop parking components.
Where is this showroom located?
The property is located at 780-798 E 12th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $8,900,000.
What are key features of this property?
This property features: 18,099‑square‑foot showroom property built in 2005; 10 ground‑floor showrooms facing E 12th Street; 4 second‑floor office/storage spaces
