Four-Unit Retail Strip
New
For Sale
$1,700,000
1020 Maple Ave, Los Angeles, CA 90015
A multi-tenant retail property with three occupied storefronts and one vacant unit in downtown Los Angeles.
Property Size6,800 SF
Lot Size0.17 Acres
Price / SF$250
Days on Market2
Property Features for 1020 Maple Ave
General Information
Standard status
Active
Size
6,800 SF
Lot size
0.17 Acres
Property subtype
Shopping Strip
Zoning
M2
Occupancy
75%
Net Operating Income
$153,090
Financials
Cap Rate
9.01%
Gross Income
$192,000
Site & Location
Neighborhood
Downtown
Frontage
68 ft
Additional Details
Tenant in Place
Yes
Amenities
A 9.01% Cap Rate — At Just 75% Occupancy
Attractive Basis Below Comparable Sales
Immediate Lease-Up Upside - No Major Capital RequiredImmediate Lease-Up Upside - No Major Capital Required
Diversified, Seasoned Rent Roll
A Submarket Reawakening
Flexible M2 Zoning
Building Details
Building Size
6,800 SF
Year Built
1952
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Encino
Listed By:
Brandon Michaels · License #License(s): CA: 01434685
(818) 212-2794
Source:
Marcusmillichap
Added: Oct 23
Last Checked: Oct 23 at 5:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Encino
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story retail building contains four storefronts totaling approximately 6,800 square feet. Each unit measures about 1,700 square feet, and the property has approximately 68 feet of frontage on Maple Avenue. Built in 1952, the building sits on an approximately 7,405-square-foot parcel. Three units are leased to apparel and fashion businesses, with lease terms running through 2027 and 2028; the fourth unit is vacant. The property is zoned M2, which supports retail, showroom, and light-industrial uses.
The building is in Los Angeles’ Fashion District, one block from Santee Alley and several blocks from the California Market Center. Three of the four storefronts are occupied, representing 75% occupancy, while one unit remains available for lease or occupancy.
The building is in Los Angeles’ Fashion District, one block from Santee Alley and several blocks from the California Market Center. Three of the four storefronts are occupied, representing 75% occupancy, while one unit remains available for lease or occupancy.
Key Highlights
- Four storefront units totaling approximately 6,800 square feet
- Three of four units are leased; leases extend through 2027 and 2028
- Approximately 1,700 square feet per storefront
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
17,316
Businesses Nearby
Explore this area
Business Placement
Demographics for 90015, CA
27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Strip mall - A multi-tenant retail property with three occupied storefronts and one vacant unit in downtown Los Angeles.
Where is this strip mall located?
The property is located at 1020 Maple Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Four storefront units totaling approximately 6,800 square feet; Three of four units are leased; leases extend through 2027 and 2028; Approximately 1,700 square feet per storefront
