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    2108 Maple Ave

    Los Angeles, CA 90011
    • $3,995,000
    • STATUS: Active
    • ON SITE: 118 days
    • ID#: 20-592850
    UPDATED: 134 min ago
    $3,995,000
    • 13
      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

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-19T23:42:31.42. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/107145792
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    2108 Maple Ave Los Angeles, CA 90011

    • Price: $3,995,000
    • Status: Active
    • Updated: 134 min ago
    • ID#: 20-592850
    13
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    16,152
    SQFT
    $247
    $/SQFT
    1911
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    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 Area 8821 Other Structures None Parking Garage None Total Parking 0

    Interior Features

    Baths Total 26.00 Cooling None Equipment Range/OvenRefrigeratorPhone System Heating Wall Gas Laundry None

    Property Features

    Assessed Total Value 3240000 Gross Income 351348 Gross Operating Income 340807 Like Units1 13 Like Units2 13 Net Operating Income 168187.00 Number Of Buildings 1 Number Of Units 26 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 172620 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Billy Rojas DRE#01395544 of Westside Properties.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-19T23:42:31.42. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355