1015 Crocker St Los Angeles, CA 90021
- Retail space
- 943 SF
- 1.20 lot acres
Current Use by Public Records
- Hot & Delicious / Wholesaler / Manufacturer
- Bozzolo / Wholesaler / Clothing Store
- currentair / Tesla Showroom
- A3 Design / Clothing Wholesaler
- Tic Toc Wholesale Clothing / Clothing Wholesaler
Property Details for 1015 Crocker St
- Year built
- 2003
- Construction
- CONCRETE
- Lot size
- 1.20 lot acres
- Property size
- 943 SF
- Zone code
- LAM2
- Property type
- Retail space
- APN
- 5132-030-001
- APU
- 5132030001
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $400,000
- 6.5%
- $410,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $450,000
- Geo Method
- $385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $475,000
- Retail
- $510,000
- Mixed-Use
- $430,000
- Hospitality
- $415,000
- Educational
- $460,000
- Residential Income
- $515,000
- Energy
- $500,000
- Income-Based Land
- $535,000
- Food Service
- $500,000
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.251
- Latitude
- 34.034
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
