Two Buildings in Opportunity
For Sale
$11,000,000
1024-1030 Maple Ave, Los Angeles, CA 90015
Two buildings on separate parcels with existing income in DTLA.
Property Size46,849 SF
Price / SF$234.80
Days on Market202
Property Features for 1024-1030 Maple Ave
General Information
Standard status
Active
Size
46,849 SF
Property subtype
Industrial
Building Details
Building Size
46,849 SF
Year Built
1929
Listing Agency:
Lee & Associates
(323) 767-2113
Listed By:
Jim Halferty · License #CalDRE #01212024
Source:
Lee-associates
Added: Jan 26
Changed: Aug 11
Last Checked: Aug 15 at 4:06AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$581,986
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Multifamily LT 5
$949.13M
$830.49M – $1,107.32M
NOI $66,439,283 @ 7.0% cap · market cap 603.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
20,976
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
