RENTAL INCOME: $416,412.00 per year / $34,701.00 per month. Excellent opportunity to acquire a 26-unit apartment building in the Downtown L.A. / South Park 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. Tremendous upside potential and is perfect for the investor looking to add more units to their portfolio at a low $138,461.00 cost per unit / $222.88 cost per square foot. The building is well taken care of and all units are mastered metered. 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 manager / handy man. This asset is positioned in the northwest area of the 90011 zip code and 1.5 miles from the Crypto.com Arena. Large 1,000 sq. ft. plus basement that can potentially be used as laundry area. Seller selects all services.
| MLS # | 26653873 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1911 |
| Days On Site | 184 |
| Listing Provided By | Ashby & Graff | Billy Rojas |
| Bed(s) | 13 |
|---|---|
| Bath(s) | 26 |
| SQ Feet | 16,152 |
| Story(s) | 3 |
| Units | 26 |
| Building(s) | 1 |
| Zoning | LAC2 |
| Acreage | 0.20 |
| Cooling | None |
|---|---|
| Cooling Yes / No | No |
| Appliances | Refrigerator |
| Security Features | Gated Community, Resident Manager |
|---|---|
| Lot Features | Corners Marked |
| Parking Features | None |
|---|
| Community Features | Gated |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90011) | |
Price: $3,600,000 low | high Med: $939,000 sqft: 16,152 low | high Med: 4,236 $ / sqft: $223 low | high Med: $376 On site: 184 low | high Med: 170 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90011) | |
Price: $3,600,000 low | high Med: $939,000 sqft: 16,152 low | high Med: 4,236 $ / sqft: $223 low | high Med: $376 On site: 184 low | high Med: 170 | |
![]() | $2,800,0002335 Wall StreetLos Angeles, CA 90011 |