1015 Crocker StLos Angeles, CA 90021

Property Details for 1015 Crocker St

Year built

2003

Construction

CONCRETE

Lot size

1.20 AC

Property size (Sq ft)

943 SF

Zone code

LAM2

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $405,972

  6.5%

  $374,744

  7%

  $347,976

• Comparable approach

  Method

  Valuation

  Relative Method

  $451,889

  Geo Method

  $451,889

• Alternative Use

  Use

  Valuation

  Residential

  $316,110

  Hospitality

  $289,555

  Educational

  $240,907

  Medical

  $249,192

  Retail

  $374,744

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.034

Longitude

-118.251

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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