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$ 3,800,000
Est. payment /mo
New
2108 Maple AVE Los Angeles, CA 90011
13 Beds
26 Baths
16,152 SqFt
UPDATED:
03/08/2025 11:03 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,152 sqft
Price per Sqft $235
MLS Listing ID 25507787
Bedrooms 13
HOA Y/N No
Year Built 1911
Lot Size 8,820 Sqft
Property Description
RENTAL INCOME: $398,892.00 per year / $33,241.00 per month - CURRENT CAP RATE 5.3 % / CURRENT GRM 9.5 Excellent 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 an 8,823 sq. ft. corner lot which consists of thirteen 1 bed/1bath units and thirteen studios. The building is currently generating $398,892.00 per year in rental income. Tremendous upside potential that is perfect for the investor looking to add more units to their portfolio at a low $146,154.00 cost per door / $235.26 cost per square foot. The building is well taken care of and all units are mastered metered allowing for 6% yearly rental increases. The property is located 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. Excellent on-site management and the asset is positioned in the northwest area in the 90011 zip code 1.5 miles from the Crypto.com Arena. Large 1,000 sq. ft. plus basement that can potentially be used as laundry area. PRO FORMA CAP RATE 6.7 % / PRO FORMA GRM 7.9
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAC2
Interior
Cooling None
Fireplace No
Appliance Refrigerator
Exterior
Parking Features None
Community Features Gated
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5127016003
Security Features Gated Community
Special Listing Condition Standard
Listed by Billy Rojas • Ashby & Graff