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$ 3,800,000
Est. payment | /mo
16,152 SqFt
$ 3,800,000
Est. payment | /mo
16,152 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 16,152 sqft
Price per Sqft $235
MLS Listing ID CL25507787
HOA Y/N No
Year Built 1911
Lot Size 8,823 Sqft
Acres 0.2
Property Sub-Type Other
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 7.86 % / PRO FORMA GRM 7.9
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 5127016003
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Billy Rojas • Ashby & Graff