Skip To Content

    2108 Maple Avenue

    Los Angeles (City), CA 90011
    • $3,995,000
    • STATUS: Active
    • ON SITE: 293 days
    • ID#: 20592850
    UPDATED: 63 min ago
    $3,995,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,152
      SQFT
    • $247
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    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. 6.6% PRO FORMA CAP RATE / 9.1 PRO FORMA GRM

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T09:26:57.343. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/107146986
    Print Image

    2108 Maple Avenue Los Angeles (City), CA 90011

    • Price: $3,995,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: 20592850
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    16,152
    SQFT
    $247
    $/SQFT
    1911
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    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. 6.6% PRO FORMA CAP RATE / 9.1 PRO FORMA GRM
    Exterior Features

    Lot Size Dimensions 60X147 Lot Size Units Square Feet Parking Features None Parking YN No

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling None Cooling YN No Laundry Features None

    Property Features

    Country Us Gross Income 351348.00 Gross Multiplier 11.40 Gross Operating Income 340807.00 Laundry YN No Net Operating Income 168187.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 172620.00 Zoning Lac2

    Listing provided courtesy of Billy Rojas of Westside Properties and Diane Herlofsky of Westside Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T09:26:57.343. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364532315-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364532315-1.jpg
    Logo
    Realty Masters & Associates
    2900 Adams St #A-420
    Riverside CA, 92504