Address
2108 Maple Avenue Los Angeles, CA
Price
$ 3,995,000
Property Attributes
  • MLS#20592850
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90011
  • Style
  • Price$ 3,995,000
  • Bedrooms26
  • Full Bathrooms26
  • Half Bathrooms0
  • Lot Size8,712 SqFt
Listing Provided Courtesy Of:
Billy Rojas with Westside Properties.
Data Source:
CRMLS
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

Price History
6/24/2020 Listed $3,995,000

General Features

Appliances Refrigerator
Cooling None
MLS Area C42 - Downtown L.A.
Parking Features None
Property Type Residential Income
Total Units 26
Zoning LAC2

Interior Features

Laundry Features None

Exterior Features

Lot Dimensions 60x147
Lot Size Acres 0.2
Lot Size Area 8821
Lot Size Square Feet 8821
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90011

Price
AVG $1.06M
$4M
Visits
AVG 54
276
Year Built
AVG 1935
1911
Walkscore
AVG 78
90
Data Provided by Walkscore ® not using MLS data

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