1015 Crocker StLos Angeles, CA 90021

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.