- Proforma NOI is $617,242 and pro forma CAP is 6.94% (assuming 100% occupied at estimated market rates, there's currently 3 vacant units) - Actual NOI is $446,242 and actual CAP is 5.01% For wholesale women’s fashion tenants, 12th Street, Crocker St, and Towne Ave are probably the most coveted streets to be on in the LA Fashion District. Given that Crocker Street dead ends into this property at the t-intersection on 12th Street, this property is one of the best positioned properties for showroom visibility in the entire Fashion District. It is no wonder that this property commands such a high price per square foot for the 10 ground floor showrooms facing 12th Street. The property also features 4 second floor office/storage spaces, 5 ground floor alley spaces with metal rollup doors, and roof parking. This is an extremely unique opportunity to become the owner of one of the most wanted properties in the LA Fashion District. Commercial real estate has been in a bear market since 2020 and inflation has increased by around 40% since then. For sale commercial property, price per square foot wise, is near, if not at, historic lows- in both real and in nominal terms. You never buy at all time highs, but you do buy at historic lows! This property has two ground floor showrooms ready for immediate occupancy, ideal for an owner-user or just an investment. If you are a tenant in the area, this is your time to start building equity instead of paying rent and well as start capitalizing on the tax benefits real estate has to offer. This is an excellent long hold acquisition to increase the diversity of your investment portfolio and as a hedge against inflation. TEXT 213-304-4727