1016-1020 Maple Ave 1020 Maple Ave 6,800 SF 100% Leased Retail Building Los Angeles, CA 90015 $1,820,000 ($267.65/SF) 10.01% Cap Rate

1020 Maple Avenue is a ±6,800-square-foot, single-story multi-tenant retail building constructed in 1952 on a ±7,405-square-foot parcel in the heart of Downtown Los Angeles’ Fashion District, one block from Santee Alley and blocks from the California Market Center. The building is divided into four storefront units of approximately 1,700 square feet each, with approximately 68 feet of frontage along Maple Avenue.
Three of the four units are leased to long-standing apparel and fashion tenants under leases extending through 2027 and 2028, generating $192,000 of annual scheduled income and $182,132 of net operating income — a 10.01% capitalization rate on the offering price achieved at just 75% occupancy, meaningfully above the submarket’s trailing twelve-month average of approximately 6.0%. The fourth unit is vacant and available for immediate lease-up, meaning the above-market yield is delivered with a quarter of the building held in reserve — a clear path to additional income without major capital investment.
At $268 per square foot, the offering is priced below the $355-per-square-foot average and $393-persquare-foot median achieved by comparable Downtown sales — an attractive entry basis in a submarket where sales activity more than doubled year-over-year, from $44.1 million to $110.8 million, signaling renewed investor conviction in well-located Downtown retail.
Flexible M2 zoning accommodates retail, showroom, and light-industrial uses, broadening the pool of prospective tenants and buyers — including owner-users, who may occupy the vacant ±1,700-squarefoot unit immediately while three established tenants contribute income toward the cost of ownership. With exceptional walkability, a dense and growing trade area of more than 55,000 residents within one mile, and in-place income from a diversified rent roll, 1020 Maple Avenue offers durable cash flow with embedded optionality in one of the region’s most active retail corridors.