2108 Maple Ave
Los Angeles, CA 90011
26 Units in Downtown L.A. · Multifamily Property For Sale
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26 Units
Investment Highlights
- 26 Units - Thirteen 1 bed/1 bath units and thirteen studios
- CURRENT CAP RATE 4.2% / CURRENT GRM 11.4
- $153,654.00 COST PER UNIT
- $351,348.00 in yearly rental income/$29,279.00 per month - 30% Upside
- 16,152 square foot, 3 story building in an excellent Downtown L.A. location with great on-site management
- PRO FORMA CAP RATE 6.6% / PRO FORMA GRM 9.1
Property Facts
| No. Units | 26 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 16,152 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1911 |
| Zoning | C2 - Commerical | ||
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 16,152 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1911 |
| Zoning | C2 - Commerical |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
- Tub/Shower
About 2108 MAPLE AVE , LOS ANGELES, CA 90011
RENTAL INCOME: $351,348.00/year - $29,279.00/month. 4.2% CAP RATE - 11.4 GRM. We are pleased to present the opportunity to acquire a 26 unit apartment building in the Downtown L.A. area just south of the 10 Freeway. This 3 story, 16,152 sq. ft. building resides on a 8,821 sq. ft. corner lot which consists of thirteen 1 bed/1 bath units and thirteen singles. The building is currently generating $351,348.00 per year in rental income. This “bread and butter” building has a tremendous 30% upside potential and is perfect for the investor looking to add more units to their portfolio at a $153,653.84 cost per unit/$247.33 cost per square foot price.The building is well taken care of and all units are mastered metered allowing for 6% RENTAL INCREASES. The property is several blocks south of the 10 Freeway on an excellent and quiet stretch of Maple Ave and directly across the street from the Santee Education Complex. 6.1% PRO FORMA CAP RATE / 9.5 PRO FORMA GRM
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | $976.50 | - |
| 1+1 | 13 | $1,272 | - |
Property Taxes
| Parcel Number | 5127-016-003 | Improvements Assessment | $3,017,520 |
| Land Assessment | $742,773 | Total Assessment | $3,760,293 |
Property Taxes
