Two Buildings in Opportunity
1024-1030 Maple Ave, Los Angeles, CA 90015
For Sale
$11,000,000
Two buildings on separate parcels with existing income in DTLA.
Property Size46,849 SF
Price / SF$234.80
Days on Market293
Property Features for 1024-1030 Maple Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
Lee & Associates
Listed By:
Jim Halferty · License CA #01212024
(323) 767-2113
Source:
Lee-associates
Added: Jan 26
Changed: Nov 10
Last Checked: Nov 14 at 2:59AM
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 Lee & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two buildings situated on separate parcels feature concrete and brick construction. The properties are located in an Opportunity Zone and offer rear alley access. Each building is equipped with a freight elevator, and the second floor includes skylights. Multiple tenants are currently in place, generating existing income. The location in Downtown Los Angeles provides quick access to freeways. A change of use is a strong possibility in the future. The cross streets are E Olympic Blvd and E 11th St. The total property size is 46849 square feet.
Key Highlights
- Excellent DTLA Location with Strong Potential for Change of Use
- Two Buildings on Separate Parcels
- Multiple Tenants in Place with Existing Income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$581,986
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,639,720
$11.6M
Cap Rate 7%
$8,314,086
$8.3M
Cap Rate 9%
$6,466,511
$6.5M
Market Conditions
NOI Build-Up for 46,849 SF
Gross rent
$888.3K $18.96/SF
− Vacancy
−$56.8K −$1.21/SF
EGI
$831.4K $17.75/SF
− OpEx
−$249.4K −$5.32/SF
NOI
$582.0K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,639,720
Cap Rate 7%
$8,314,086
Cap Rate 9%
$6,466,511
Alternative Uses
Best Use
Office B
$15.89M
$13.90M – $18.53M
NOI $1,112,019 @ 7.0% cap · market cap 10.11%
Second Best
Retail
$15.53M
$13.59M – $18.12M
NOI $1,087,233 @ 7.0% cap · market cap 9.88%
Theoretical Best
Office A
$19.56M
$17.12M – $22.82M
NOI $1,369,202 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
13,366
Businesses Nearby
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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
$1,000,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Industrial properties in Los Angeles, CA
Properties on Market for Industrial properties in Los Angeles
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Industrial property - Two buildings on separate parcels with existing income in DTLA.
Where is this industrial property located?
The property is located at 1024-1030 Maple Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Excellent DTLA Location with Strong Potential for Change of Use; Two Buildings on Separate Parcels; Multiple Tenants in Place with Existing Income
