1015 Crocker St, #S-02, Los Angeles, CA 90021

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. Overall condition for the project is considered average with no obvious signs of significant deferred maintenance. The interior build-out of the project incorporates multiple (118) small condo units across all three floors and the basement. Suites generally range in size from ±150 SF to ±1,500 SF and accommodate traditional retail (street-level) with service/retail and office on the upper floors. With respect to the subject condo, the build-out from the third story unit is retail-oriented and presently operating as a restaurant/cafe which services building tenants.

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).