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:
CLAW
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
Visits
Year Built
Walkscore
The MLS™ Combined LA/Westside MLS® (CLAW): All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
