Mezzanine Retail
For Sale
$950,000
921 Crocker, Los Angeles, CA 90021
Commercial Sale, Los Angeles, CA
Property Size1,680 SF
Price / SF$565.48
Days on Market22
Property Features for 921 Crocker
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
10 FWY, Exit Maple Ave, Go North to 9th Street, Located at the SEC of 9th St/Crocker St
Subdivision
C42 - Downtown L.A.
Standard status
Active
APN
5132001127
Additional Details
Corner Location
Yes
Amenities
high ceilings
polished concrete floors
attractive storefront
upper-level mezzanine
food-service build-out
Building Details
Year built
1977
Listing Agency:
Burts & Associates
Listed By:
Cynthia Burts · License #01134271
(310) 308-8003
Added: Oct 12
Changed: Nov 2
Last Checked: Nov 2 at 6:06PM
MLS# SR26222707
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,680-square-foot retail space was built in 1977 and is currently arranged as a coffee shop. Interior features include high ceilings, polished concrete flooring, a storefront, and an upper-level mezzanine that can serve as seating, office, or storage space. The property also has an existing food-service build-out and M2 zoning.
The space sits at the corner of 9th Street and Crocker Street in Downtown Los Angeles’ Fashion District. Nearby destinations include Santee Alley, LA Face Mart, San Pedro Wholesale Mart, and The City Market. A Walk Score of 92 is reported for the property.
Two rooftop parking spaces are served by an elevator. The existing layout and improvements support retail, showroom, office, cafe, and specialty business concepts, subject to applicable city approvals.
The space sits at the corner of 9th Street and Crocker Street in Downtown Los Angeles’ Fashion District. Nearby destinations include Santee Alley, LA Face Mart, San Pedro Wholesale Mart, and The City Market. A Walk Score of 92 is reported for the property.
Two rooftop parking spaces are served by an elevator. The existing layout and improvements support retail, showroom, office, cafe, and specialty business concepts, subject to applicable city approvals.
Key Highlights
- 1,680‑square‑foot retail space built in 1977
- Currently configured as a coffee shop with an existing food‑service build‑out
- Upper‑level mezzanine adds space for seating, office, 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
11,671
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Retail space - An upper-level mezzanine provides additional area for seating, office use, or storage.
Where is this retail space 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 retail space built in 1977; Currently configured as a coffee shop with an existing food‑service build‑out; Upper‑level mezzanine adds space for seating, office, or storage
