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2nd Floor - Unit 02
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Retail
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917 SF
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$400,000 USD
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Unit Size: 917 SF
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Condo Use: Retail
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Price: $400,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $436.21 USD
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)
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Robert An
Kidder Mathews