$3,800,000
bedrooms
13
bathrooms
0
square feet
16,152
Acreage
0.2025
Open Houses
-
year built
1911
Full Baths
0
Half Baths
0
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 6.7 % / PRO FORMA GRM 7.9
Location | |
Subdivision | - |
County | Los Angeles |
Elementary School | - |
Middle School | - |
High School | - |
Exact location data not provided
Find out more
Tell us who you are, and we will have someone reach out to you.
Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Saturday, March 8 2025 at 8:06 p.m. EST
Kotohomes National
Other listings you might be interested in
$6,950,000
15 Bed •
0 Bath •
14,592 ft²
11666 Mayfield Ave
Los Angeles, CA 90049
$5,350,000
20 Bed •
0 Bath •
19,532 ft²
15405 Vanowen St
Van Nuys, CA 91406
$3,900,000
30 Bed •
0 Bath •
13,641 ft²
927 Daisy Avenue
Long Beach, CA 90813
$4,250,000
36 Bed •
0 Bath •
18,820 ft²
6230 N San Gabriel Blvd
San Gabriel, CA 91775
$3,100,000
40 Bed •
0 Bath •
16,509 ft²
1552 S MYRTLE AVENUE
CLEARWATER, FL 33756
$4,500,000
35 Bed •
0 Bath •
17,466 ft²
6819 Laurel Canyon Blvd
North Hollywood, CA 91605
$3,490,000
40 Bed •
0 Bath •
22,532 ft²
115 KINGSTON AVENUE
DAYTONA BEACH, FL 32114
$4,900,000
23 Bed •
0 Bath •
14,053 ft²
18416 Halsted St
Northridge, CA 91325
$5,150,000
26 Bed •
0 Bath •
15,543 ft²
3320 Woodbine St
Los Angeles, CA 90064
$5,440,000
64 Bed •
0 Bath •
34,560 ft²
5933 SHADYDELL Drive
Fort Worth, TX 76135
$6,595,000
40 Bed •
0 Bath •
19,660 ft²
4421 Murietta Ave
Sherman Oaks, CA 91423
$6,250,000
62 Bed •
0 Bath •
29,504 ft²
3018 W 67th St
Los Angeles, CA 90043