Listed by Billy Rojas with Ashby & Graff

2108 Maple Avenue

Los Angeles, CA, 90011

$4,190,000

$259 per ft²
$4,190,000
$259 per ft²
Active
Active
 - For Sale
beds
13 Beds
baths
26 Baths
carpenters-square
16,152 ft²
property_type
Multi-family
calendar
Built 1911
RENTAL INCOME: $355,308.00 per year / CAP RATE 4.6 % / GRM 11.8. Excellent opportunity to acquire a 26 unit apartment building in the Downtown LA area just south of the 10 Freeway. This 3-story, 16,152 sq. ft. building resides on a 8,821 sq. ft. corner lot zoned LAC2 which consists of thirteen 1 bed/1bath units and thirteen singles. This "bread and butter" building has a tremendous upside potential and is perfect for the investor looking to add more units to their portfolio at a low $161,538.00 cost per door / $259.00 cost per square foot. 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. The building is well taken care of and all units are mastered metered allowing for 6% percent rental increases. Excellent on-site management and positioned in the northwest area of the 90011 zip code and 1.5 miles from the Crypto.com Arena. Large 1,000 sq. ft. plus basement that can potentially be used as laundry area. Seller selects all services.
MLS® ID:
23237039
Listed:
1/31/23
Updated:
4/1/23
Heyler Realty
Office: (310) 470-2030Email: jae@heylerrealty.com

Interior Features

Kitchen Appliances
Refrigerator
Total Bedrooms
13
Total Bathrooms
26
Laundry Description
None
Cooling
None

Exterior/Building Features

Lot Size
8,821 ft² lot

Other Property Details

Area Name
C42 - Downtown L.A.
Garage
No
Parking
None
View
N
County
Los Angeles
Pool
No
Total Stories
3
Zoning
LAC2
Buyer Agency Compensation
2.000

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/1/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 4/1/23 at 3:47 AM UTC

Heyler Realty
Office: (310) 470-2030Email: jae@heylerrealty.com
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