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1015 Crocker St

917 SF Retail Unit Offered at £312,980 in Los Angeles, CA 90021

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Investment Highlights

Lender-Owned Condo
Ideal owner/user opportunity
Newer construction quality (2003)

Proximity to Interstate-10, DTLA, and the Arts District
Dedicated on-site parking (covered)

Operating and Financials
Title and Insurance
Miscellaneous

Property Facts

Price	£312,980	Number of Floors	1
Unit Size	917 SF	Typical Floor Size	917 SF
No. Units	1	Year Built	2003
Total Building Size	917 SF	Tenancy	Single
Property Type	Retail (Unit)	Parking Ratio	2.18/1,000 SF
Property Subtype	Storefront General Retail Storefront Retail/Office OfficeLoft Creative Space	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Type	Investment or Owner User	Sale Conditions	REO Sale
Building Class	C

Price	£312,980
Unit Size	917 SF
No. Units	1
Total Building Size	917 SF
Property Type	Retail (Unit)
Property Subtype	Storefront General Retail Storefront Retail/Office OfficeLoft Creative Space
Sale Type	Investment or Owner User
Building Class	C
Number of Floors	1
Typical Floor Size	917 SF
Year Built	2003
Tenancy	Single
Parking Ratio	2.18/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Conditions	REO Sale

1 Unit Available

Unit 02

Unit Size	917 SF	Sale Type	Investment or Owner User
Price	£312,980	No. Parking Spaces	2
Price Per SF	£341.31	Sale Conditions	REO Sale
Unit Use	Retail	APN/Parcel ID	5132-030-093

Unit Size	917 SF
Price	£312,980
Price Per SF	£341.31
Unit Use	Retail
Sale Type	Investment or Owner User
No. Parking Spaces	2
Sale Conditions	REO Sale
APN/Parcel ID	5132-030-093

Description

*Lender-Owned* Subject property consists of a Class-B commercial condominium with an estimated ±917 SF. The single condo unit is part of a larger, ±61K SF, multi-tenant condo project known as the San Pedro Mart. Site is zoned M-2-2D (City Center) and allows for a variety of retail, showroom/warehouse & service/office uses.

Originally built circa-2000, the San Pedro Mart building consists of three-stories above basement and is of concrete
and steel construction with exterior stucco finish. Its roof
is a flat, reinforced system which partially serves as tenant
surface parking. Additional features include tenant street-level eyebrow signage, elevator, escalator (basement), 12’ - 18’ clear height and tenant customer parking estimated at 0.50:1,000.

1015 Crocker Street is located within the Fashion District of
Downtown Los Angeles (DTLA). Situated south of downtown’s central business district and east of South Park (LA Live, Crypto.com Arena), the area is the hub of the LA fashion industry, featuring more than 2,000 independently owned retail and wholesale businesses focusing on apparel, accessories, and footwear. The district is also home to
popular Santee Alley with the largest selection of fabrics in
the region as well as the LA Flower District, the largest flower
market in the country. Specifically, the subject site sits at the
southwest corner of 9th and Crocker Streets, just 1-block
east of San Pedro Street. Both 9th and San Pedro Streets are
primary arterials offering direct access to multiple freeways
to include the 110 (1-mile west), 10 (1/2-mile south) and the
101 & 5 interchange (1.5-miles east). The area immediately
surrounding the subject property is comprised almost
exclusively of low to mid-rise commercial (retail, showroom,
office, warehouse) uses with heavier uses (manufacturing)
to the south and east. Area demographics include a dense
population of 207k having a median household income of
$43K (2-mile). Daytime employment is a robust 78K (1-mile).

Sale Notes

- Newer construction quality (2003)
- Proximity to Interstate-10, DTLA, and the Arts District
- Ideal owner/user opportunity
- Dedicated on-site parking (covered)