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2922-2924 E Maple Ave
Los Angeles, CA 90011
Retail Property For Sale
Investment Highlights
- Roof was completely redone approximately four years ago, and the property includes gated parking for approximately 7–8 vehicles
- Commercial tenant has approximately one year remaining on the current lease term, providing near-term income security
- 2-bedroom unit offers upside to approx. $2,600/month, while possible 3-bedroom vacancy creates repositioning potential
- Downstairs commercial space of approximately 1,800–2,000 SF is currently leased at $5,000/month with a scheduled increase to approximately $5,500/mo
- Existing residential units include a 3-bedroom unit rented at $3,100/month and a 2-bedroom unit rented at $1,950/month
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,412 SF
Building Class
C
Year Built
1903
Price
$1,150,000
Price Per SF
$260.65
Cap Rate
6.96%
NOI
$80,020
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.11 AC
Zoning
LA-R3 - Mixed-Use Commercial & Multi-Family Apartments
Parking
7 Spaces (1.59 Spaces per 1,000 SF Leased)
Frontage
72’ on E Maple Ave
Amenities
- 24 Hour Access
- Corner Lot
- Fenced Lot
- Signage
- Signalized Intersection
- Smoke Detector
Property Taxes
| Parcel Number | 5128-007-006 | Improvements Assessment | $273,195 |
| Land Assessment | $200,714 | Total Assessment | $473,909 |
Property Taxes
Parcel Number
5128-007-006
Land Assessment
$200,714
Improvements Assessment
$273,195
Total Assessment
$473,909
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