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    2400 Maple Ave

    Los Angeles, CA 90011
    • $1,385,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: 20-617182
    UPDATED: 208 min ago
    $1,385,000
    • 8
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,352
      SQFT
    • $318
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Las Villas Apartments is a 8-unit apartment building located just south of Downtown Los Angeles. Built in 1922, this charming Spanish-style bungalow property is located at 2400 Maple Avenue., between Main Street and San Pedro Street, south of Washington Boulevard. The old charm gives the property (4,352 square feet on a 7,510 square foot lot) distinctive curb appeal and a hint at the allure of the buildings interiors. The unit mix at Las Villas is 8 one-bedroom/one bath units, three of which were converted into one-bedroom/one bath plus a bonus room. The bonus room can function as an additional bedroom. Efficient use of space and the privacy afforded by the classic bungalow design make the units seem larger. The property is individually metered for both gas and electric + tenants pay for the trash. All units have individual water heaters. Las Villas is in close proximity to Downtown LA, USC, Culver City, Inglewood and Koreatown. Current Cap Rate is 5.30% with upside to 9.40%.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-17T23:42:38.693. 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/108778549
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    2400 Maple Ave Los Angeles, CA 90011

    • Price: $1,385,000
    • Status: Active
    • Updated: 208 min ago
    • ID#: 20-617182
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,352
    SQFT
    $318
    $/SQFT
    1922
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    Las Villas Apartments is a 8-unit apartment building located just south of Downtown Los Angeles. Built in 1922, this charming Spanish-style bungalow property is located at 2400 Maple Avenue., between Main Street and San Pedro Street, south of Washington Boulevard. The old charm gives the property (4,352 square feet on a 7,510 square foot lot) distinctive curb appeal and a hint at the allure of the buildings interiors. The unit mix at Las Villas is 8 one-bedroom/one bath units, three of which were converted into one-bedroom/one bath plus a bonus room. The bonus room can function as an additional bedroom. Efficient use of space and the privacy afforded by the classic bungalow design make the units seem larger. The property is individually metered for both gas and electric + tenants pay for the trash. All units have individual water heaters. Las Villas is in close proximity to Downtown LA, USC, Culver City, Inglewood and Koreatown. Current Cap Rate is 5.30% with upside to 9.40%.
    Exterior Features

    Lot Size Area 7511 Other Structures None Parking Garage None Style Spanish Colonial Total Parking 0

    Interior Features

    Baths Total 8.00 Cooling Window Unit(S) Equipment None Heating Wall Gas

    Property Features

    Assessed Total Value 675995 Gross Income 111550 Gross Operating Income 108204 Like Units1 5 Like Units2 3 Net Operating Income 71771.00 Number Of Buildings 1 Number Of Units 8 Owner Pays GardenerWater Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 37027 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lac1.5

    Listing provided courtesy of Peter Strauss DRE#01335696 of Iconic Investments.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-17T23:42:38.693. 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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    Valencia CA, 91355