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    1015 Crocker St Los Angeles, CA 90021

    Sponsored
    For Sale
    Contact for pricing

    917 SF Convenience Store, 100% Occupied

    Property size:
    917 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This bank-owned foreclosure presents a unique opportunity to acquire a 917-square-foot convenience store condo in the heart of Los Angeles' Fashion District. Located at 1015 Crocker St, #S-02, Los Angeles, CA 90021, this single-tenant property is part of the three-story, 61,000-square-foot San Pedro Mart, a multi-tenant condo project built in 2003. The building features concrete and steel construction with a stucco exterior and a flat roof providing partial tenant parking. Amenities include street-level signage, an elevator, and an escalator in the basement. The unit boasts a 12' to 18' clear height and benefits from a parking ratio of 0.5 spaces per 1,000 square feet. The property is zoned LA-M2-2D (City Center), allowing for a variety of retail, showroom/warehouse, and service/office uses. Currently operating as a 100% occupied convenience store, this property offers an ideal owner-user opportunity or strong investment potential. Its prime location offers easy access to major freeways including the 110, 10, and the 101/5 interchange. The surrounding area is densely populated, with a 2-mile radius boasting a population of 207,000 and a median household income of $43,000. Daytime employment within a 1-mile radius is a robust 78,000. The property's APN is 5132-030-093. The building's overall condition is considered average, with no significant deferred maintenance noted. This is a Class-B commercial condominium with a short-term tenant in place.

    Property Features for 1015 Crocker St

    General Information

    Property type
    Individual retail properties
    Square Feet
    917 SF

    Building Details

    Year Built
    2003
    Buildings
    1

    HighLights

    • 2003 construction.
    • Excellent I‑10, Downtown LA, and Arts District access.
    • Owner‑user opportunity.
    • Covered parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hot & Delicious Wholesaler Bozzolo Clothing Store currentair Tesla Showroom A3 Design Clothing Wholesaler Tic Toc Wholesale ... Clothing Wholesaler

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Daycare Center Gym & Fitness Skin Care Clinic

    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
    -118.2510018
    Latitude
    34.0341559

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    FAQs

    What type of property is this?
    Individual retail property - 917 SF Convenience Store, 100% Occupied
    Where is this individual retail property located?
    The property is located at 1015 Crocker St Los Angeles, CA.
    What are key features of this property?
    This property features: 2003 construction.; Excellent I-10, Downtown LA, and Arts District access.; Owner-user opportunity.
    Request Owner's contact information
    1015 Crocker St Los Angeles, CA 90021
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    Los Angeles, CA 90021
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    Realmo Value Estimation

    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.

    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.

    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
    1015 Crocker St Los Angeles, CA 90021
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