Coffee Shop with
New
For Sale
$950,000
921 Crocker, Los Angeles, CA 90021
A built-out coffee shop includes a mezzanine and rooftop parking access.
Property Size1,680 SF
Price / SF$565.48
Days on Market2
Property Features for 921 Crocker
General Information
Standard status
Active
Size
1,680 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
M2
Additional Details
Corner Location
Yes
Amenities
high ceilings
polished concrete floors
attractive storefront
upper-level mezzanine
food-service build-out
Building Details
Building Size
1,680 SF
Year Built
1977
Listing Agency:
Burts & Associates
Listed By:
Cynthia Burts · License #01134271
(310) 308-8003
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 14 at 10:54PM
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 Burts & Associates
Investment Insights
Based on property information with market context.
Configured as a coffee shop, this 1,680-square-foot commercial unit includes an existing food-service build-out, high ceilings, polished concrete floors, and a storefront. An upper-level mezzanine adds space for seating, office functions, or storage. The building dates to 1977, and the property is zoned M2.
The unit is at the corner of 9th Street and Crocker Street in Downtown Los Angeles’ Fashion District. Nearby commercial destinations include Santee Alley, LA Face Mart, San Pedro Wholesale Mart, and The City Market. The property also includes two rooftop parking spaces served by an elevator, and has a Walk Score of 92.
The unit is at the corner of 9th Street and Crocker Street in Downtown Los Angeles’ Fashion District. Nearby commercial destinations include Santee Alley, LA Face Mart, San Pedro Wholesale Mart, and The City Market. The property also includes two rooftop parking spaces served by an elevator, and has a Walk Score of 92.
Key Highlights
- 1,680‑square‑foot commercial unit configured as a coffee shop
- Existing food‑service build‑out, high ceilings, and polished concrete floors
- Upper‑level mezzanine for seating, office functions, or storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,498
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,960
$910.0K
Cap Rate 7%
$649,971
$650.0K
Cap Rate 9%
$505,533
$505.5K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$62.1K $36.96/SF
− Vacancy
−$1.4K −$0.85/SF
EGI
$60.7K $36.11/SF
− OpEx
−$15.2K −$9.03/SF
NOI
$45.5K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,960
Cap Rate 7%
$649,971
Cap Rate 9%
$505,533
Alternative Uses
Best Use
Specialty Retail
$650.0K
$568.7K – $758.3K
NOI $45,498 @ 7.0% cap · market cap 4.79%
Second Best
Retail
$557.0K
$487.4K – $649.8K
NOI $38,988 @ 7.0% cap · market cap 4.10%
Theoretical Best
Multifamily LT 5
$34.04M
$29.78M – $39.71M
NOI $2,382,505 @ 7.0% cap · market cap 250.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
12,676
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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Similar Off Market Nearby
- Junior's Bakery — 2109 San Pedro St, Los Angeles, CA 90011
- JMJ Produce Inc — 1204, 1010 Hooper Ave., Los Angeles, CA 90021
- Sharky's Cafe — 1804 E 8th St, Los Angeles, CA 90021
- The Café — Los Angeles, CA 90021
- Cofilia — 810 E Pico Blvd Ste 102, Los Angeles, CA 90021
Frequently Asked Questions
What type of property is this?
Coffee shop - A built-out coffee shop includes a mezzanine and rooftop parking access.
Where is this coffee shop located?
The property is located at 921 Crocker Los Angeles, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1,680‑square‑foot commercial unit configured as a coffee shop; Existing food‑service build‑out, high ceilings, and polished concrete floors; Upper‑level mezzanine for seating, office functions, or storage
